This year will prove to be another strange one overall in my opinion but I’m sure it’ll be an improvement on 2020! Surely right?
Looking forward into 2021 in terms of property, there are a number of legislation changes but below I’ve put 3 that I feel may be of interest:
Dogs & Domestic Animals in Rented Properties: Do you or anyone you know have issues with finding rented properties that accept pets? Parliament are due to have a 2nd reading in February 2021 on the Dogs and Domestic Animals (Accommodation and Protection) Bill. Basically, this means that if a tenant can prove they are responsible owners, they will be allowed by right to keep dogs and/or any domestic animals in their property.
Electrics in Rented Properties: By 1st April 2021, all privately rented properties in England will need to have a valid EICR (Electrical Installations Condition Report). Best get an electrician on the phone before it’s too late! I always recommend to our landlords to have them done sooner rather than leaving it until the last minute.
Stamp Duty Land Tax (SDLT): From a sales point of view, an additional 2% charge will be applied from 1st April 2021 for Non-UK residents buying property in England. So if you or anyone you know is either moving over here or thinking of buying soon, make sure they are aware of this. Although if you’re new to the area, you may be able to claim this back if you gain UK residency within 12 months after the property transaction date.
I don’t want to bore you with a rundown of the government’s agenda for the whole year, and you may know of at least 1 of these already which is great! If you did learn something new from this post, please share it with your friends and colleagues so they can benefit too.
I do hope you have had a great start to your year. Onwards and upwards!