Every parliamentary written question tabled by Julia Buckley this session, with the full answer and department. Back to the MP page.
Showing 1–2 of 2 · Attorney General
Whether she has made an assessment of the potential merits of reforming Bona Vacantia arrangements to permit local authorities to take ownership of unclaimed residential properties for public use.
The revenue from the collection of bona vacantia, including that from the open market sales of any residential property, is transferred annually to the Consolidated Fund for the general funding of HM Government expenditure for the general benefit of all citizens.
What assessment she has made of the effectiveness of the arrangements for managing unclaimed estates and properties under Bona Vacantia.
The collection and disposal of bona vacantia monies arising from the estates of deceased people & dissolved companies is managed by the Treasury Solicitor as the Crown’s Nominee, with the proceeds passing each year to HM Treasury. Such arrangements are set out in the Crown’s Nominee Account which is laid annually before Parliament.