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Until April 2020, HM Land Registry received no government funding, being required to ensure that its income covers expenditure, and finances itself from registration and search fees. As of April 2020, HM Land Registry receives a budget from HM Treasury and was the result of HM Land Registry's trading fund being revoked. [8]
The Land Registration Act 2002. London: Butterworths Law. ISBN 0-406-95764-9. Law Commission & HM Land Registry (2001) Land Registration for the Twenty-first Century – A Conveyancing Revolution, London: The Stationery Office; Office of Public Sector Information (2002). "Explanatory Notes to Land Registration Act 2002". The National Archives
The Land Registry has been dealing with the registration of all transactions (purchase, sale, mortgage, remortgage and other burdens) concerning registered land since 1892, and issued land certificates which are a state guarantee of the registered owner's good title up to 1 January 2007. Land Certificates have been abolished by virtue of ...
On 16 January 2014 HM Land Registry (which is responsible for the collation and maintenance of records of ownership and charges (mortgages) relating to land/property) has issued a press release informing of a project that it has undertaken for the past two years with a view to the taking over of the local land charges function from local ...
Under the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, a land transaction must be notified to the Welsh Revenue Authority unless it falls within one of the exempt categories contained in the Act. [3] The Welsh Revenue Authority administers and collects LTT with support from HM Land Registry.
It is operated by the HM Land Registry. Over time various areas of the country were designated areas of compulsory registration by order so in different parts of the country compulsory registration has been around longer than in others. The last order was made in 1990, so now virtually all transactions in land result in compulsory registration.
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