UK: DEVELOPERS SELLING HOMES DO NOT HAVE TO REGISTER FOR AML BUT ESTATE AGENTS DO

Property Industry Eye on 12th August carried an article saying that an anomaly has emerged by which developers selling homes on their own sites do not have to be registered for AML purposes – they are regarded as P2P, or private, sellers – but any estate agent selling those very same homes must be.

https://propertyindustryeye.com/developers-selling-homes-do-not-have-to-register-for-aml-but-estate-agents-do-taxman-clarifies/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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