Built environment industry responses to the Spring Statement 2025
Following the publication of the Spring Statement on 26 March 2025, several built environment industry bodies have released their responses.
Section 52(1) of the Law of Property Act 1925 requires the transfer of a legal interest in land to be made by deed.
Land Registration Rules 2003 (LRR 2003), SI 2003/1417, r 58 prescribes the form of transfer that should be used to transfer a registered freehold or leasehold estate in land. These are:
TR1—Transfer of whole
TP1—Transfer of part of registered title(s)
TR2—Transfer of whole of registered title under power of sale
TP2—Transfer of part of registered title under power of sale
TR5—Transfer of portfolio of titles (whole or part)
AS1—Assent of whole of registered title
AS3—Assent of part of registered title
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