On 19 November 2025, the Property (Digital Assets etc) Bill passed its third reading in the House of Commons without any amendments. The Bill now proceeds to the final stage: Royal Assent. Introduced in the House of Lords in September 2024, the Bill seeks to clarify the circumstances in which digital or electronic items may be capable of attracting personal property rights. It confirms that a thing, whether physical, digital or electronic, is not prevented from being recognised as property merely because it does not fall neatly within the two traditional categories of personal property established by case law:
The Bill does not declare that any specific type of asset is property, nor does it prescribe the legal consequences of recognising digital items as property. Instead, existing common law principles will continue to determine, on a case-by-case basis, whether a particular asset constitutes property.
