A record new 41,700 new buy-to-let limited companies were formed in 2020, and 2021 looking no different due to the new regulations in place having landlords looking at other options to reduce taxes. There have been a few important rule changes this year and recently, which include:
Other updates which landlords should know about for 2021 include the Covid tenant eviction ban extended until end of May 2021, new electrical safety standards for landlords, leaseholders can extend their lease by 990 years.
For more information about updates and regulations, keep reading our weekly Tuesday blogs or follow our Facebook. Get in touch with your local ASC office to find out more information and secure finance for your business.