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New transparency regime affecting property in Scotland

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Published on: 24 March 2022

Published by a LexisNexis Property expert

Table of contents

Introduction
Duties under the 2021 Regulations
Recorded persons and associates
Off-register events can result in an obligation to record information in the RCI
The duty to record information in the RCI applies in relation to existing property interests from 1 April 2022
Penalties for failure to comply and one-year grace period
Exceptions and exemptions
Exemptions
Exceptions
Exceptions—concluded contracts for the sale of land

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Article summary

Property analysis: Drew Wallace, partner, Steven Edgecombe, partner, Jennifer Talbot, legal director, and Tony Holloran, senior associate, at DLA Piper discuss the new transparency regime affecting property in Scotland, which comes into effect on 1 April 2022.

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