Thousands of offshore companies with UK property still not stating real owners
by Rowena Mason, Pamela Duncan and Rob Davies from World news | The Guardian on (#68AYW)
Imminent deadline to sign up to Companies House register aimed at flushing out secretive owners will be missed by many firms
Thousands of offshore companies with UK properties are still not publicly declaring their ultimate owners because they are controlled by secretive trusts, new data shows.
About 18,000 companies have so far registered with the government's new register of overseas entities, which was brought in to improve transparency about offshore property ownership. The deadline to sign up is this Tuesday.
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