How to comply with the Money Laundering Regulations (auctioneers)

The UK Government intends to begin a regional rollout of a Private Rented Sector (PRS) Database in England from late 2026. Its legal framework is already in the Renters’ Rights Act 2025; but questions remain about how the system will work, what information users must provide, and how much time agents and landlords will have to prepare. The final design must reflect how agencies operate to avoid adding a significant new layer of data entry, checks, and liability to every instruction.

Revenue Scotland has refreshed its guidance on how Land and Buildings Transaction Tax (LBTT) apply to leases. The update does not introduce new tax rules but provides a useful reminder that further returns may be required when a lease is reviewed, varied, assigned or ended. By treating LBTT as an ongoing responsibility, rather than a one-off task at the start of a lease, a lease begins, property professionals can support compliance by building tax prompts into their lease processes.

Two linked announcements are intended to reduce unnecessary delay, complexity and cost within England’s higher-risk building regime. One will change how occupied buildings are assessed, while the other could allow a wider range of urgent safety work to proceed without prior approval.

Despite global economic uncertainty, the auction profession remained resilient in Q1 2026, with 80% of surveyed members reporting that the number of lots achieving their reserve price stayed the same or increased compared with the previous quarter.