Part 1: Registration of Overseas Entities Schedule 4: Land ownership and transactions: Scotland Part 2: Transition: deeds registered pre-commencement
Part 2 of Schedule 4 provides for a transitional period for overseas entities that are registered proprietors in relation to registered land in Scotland and became such proprietors on or after 8 December 2014 but before the commencement date. This part provides for a transitional period of six months in duration for overseas entities to either dispose of their qualifying estate or to register as a "registered overseas entity" under the Act provisions.