Wealthy use loophole to conceal value of £300m in Scottish land sales

AI Summary
A legal loophole is allowing wealthy landowners in Scotland to conceal the prices paid for Highland estates, totaling over £300 million in undisclosed transactions. Land reform campaigners are raising concerns about the lack of transparency, as buyers are using a legal term instead of the monetary value on registration forms, preventing the public from knowing the actual purchase price. Organizations like Discovery Land Company, Oxygen Conservation, and even the John Muir Trust have utilized this tactic. The Scottish Land Commission and Community Land Scotland are urging ministers to close the loophole, arguing that it undermines efforts to make the land market more transparent and hinders informed policy making. They emphasize that land is a shared asset and transaction details should be publicly available.
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