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British Columbia Proposes Public Registry To End Hidden Ownership Of Real Estate

Author: 
Denise Lash
Publication date:
July 10, 2018
Article Summary: 

The British Columbia government is proposing to establish a public registry to tackle “hidden ownership” and address tax evasion, fraud and money laundering in the real estate market. The Land Owner Transparency Act White Paper outlines that corporations, partnerships and trusts will have to disclose the names of beneficial owners, while some details such as social insurance numbers and birth dates will only be available to law enforcement and tax authorities. The public registry is one of a number of measures adopted by British Columbia to address the housing crisis in Greater Vancouver.



Keywords: 

British Columbia, public registry, hidden ownership, real estate market, tax evasion, fraud, money laundering, Land Owner Transparency Act White Paper, corporations, partnerships, trusts, beneficial owners, social insurance numbers, birth dates, law enforcement, tax authorities, housing crisis, Greater Vancouver.



Source Citation: 
Denise Lash
British Columbia Proposes Public Registry To End Hidden Ownership Of Real Estate
July 10, 2018
https://www.lashcondolaw.com/british-columbia-proposes-public-registry-to-end-hidden-ownership-of-real-estate/
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