ICAEW.com works better with JavaScript enabled.


Trust transparency measures ‘need more thought’


Published: 26 Feb 2024 Update History

ICAEW urges the government to rethink its approach on improving transparency for land-holding trusts.
Contributing to your CPD?

If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your online CPD record.

ICAEW’s Tax Faculty has responded to the government’s consultation on improving transparency of land ownership involving trusts.  

The government is considering options to widen access to trust information held on the Register of Overseas Entities (ROE). It is also seeking views on the extent to which the transparency could be improved around land held by trusts not associated with ROE entities.  

ICAEW supports the government’s aim to tackle crime and corruption. However, the proposed changes should not go ahead in their current form and without further consideration. There needs to be a period of reflection, so that one consolidated system can be established for trusts owning UK land.   

Further, if information is published, it should be specifically targeted to what is required for the needs of the public interest. 

The Tax Faculty

ICAEW's Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

More support on tax

ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.

Sign up for TAXwireJoin the Tax Faculty

More from the Tax Faculty

Latest news
Making tax digital image

Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter

Practical guidance

Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.

Technical support
Tax Faculty image

Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.