The deadline for the pre-existing “reporting bodies” to file a transparency report with the Land Owner Transparency Registry (LOTR) is approaching. After a previous extension the new deadline is November 30, 2022, but avoid delay and act now. Lawyers who act for a relevant corporation, a trustee of a relevant trust, or a relevant partnership which acquired an "interest in land" prior to November 30, 2020, and continue to own an interest, should keep in mind that a transparency report can take some time to complete. Wherever possible, have your client execute the report rather than you.
Also take note that the earlier extension does not change the current obligation to file a transparency declaration by a transferee applying to register an interest in land and, if a transferee is a “reporting body,” to also file a transparency report.
For information about the offences and fines for a reporting body’s failure to file a transparency report see Disclosure by existing landowners. Visit the LOTR’s web page on policy help, the government’s web page for enforcement information and resources regarding interpretation, and subscribe here to receive emails with the most recent updates.