Register of persons holding a controlled interest in land toolkit
By Steven Wood, Practice Support Specialist (Insolvency)
14 November 2023
The Land Reform (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021 came into force on 1 April 2022.
The regulations set out to increase public transparency in relation to individuals who have control over decision-making for land in Scotland.
The regulations introduced a new Register of Persons Holding a Controlled Interest in Land (‘RCI’), which is maintained by the Registers of Scotland (‘RoS’). The RCI shows who controls the decisions of owners or tenants (for more than 20 years) of land and property in Scotland, where this information may not be publicly transparent elsewhere.
To comply with the new legislation, individuals need to check if they are legally required to submit to the RCI, and if they are in scope, make a submission before the deadline of 1 April 2024. After this date, offence provisions apply for non-compliance, with a fine of up to £5,000.
RoS has produced an associated toolkit which contains further information on the RCI, including a suggested article for insertion into client newsletters.
