There are a number of legislation changes that landlords should be aware of in 2021. We’ve made a list of everything to look out for over the coming months:
- Brexit impact: Landlords should keep an eye on any potential changes to the Right to Rent scheme following Brexit.
- Dogs and Domestic Animals Bill: The second hearing of the Dogs and Domestic Animals (Accommodation and Protection) Bill is being heard in February 2021 by the House of Commons. The Bill aims to prevent landlords from banning pets in rental properties without good reason.
- Tax: Landlords need to look out for changes in Capital Gains Tax following The Office for Tax Simplification (OTS) report requested by the government. There are calls for the rates to be to be doubled and exemptions to be cut in order to raise additional funds for the Treasury. It is anticipated that an announcement will be as early as March 2021.
- Electrical safety certificates: From April 2021, all rented properties must have an electrical safety certificate.
- SDLT: From April 2021, the Government will levy a 2% stamp duty surcharge on the purchase of UK properties by overseas investors.
- Renters’ Reform Bill: It is likely that the Renters' Reform Bill will reappear, part of which proposes to remove Section 21 from the Housing Act 1988 and as such will affect how Landlords can take back their properties.
It’s wise for landlords to seek advice and support from Lettings agencies with experience of keeping abreast of the changes. Alongside our sister company Emsleys Solicitors, Emsleys Estate Agents has the credentials and skills to support landlords throughout the continual changes in legislation.Back to Blog