SUPPLIERS TO THE PRS
HOW THE TENANT TAX AFFECTS
Whatever sort of trade you work in the change will probably impact upon you.
You may do a lot of work for Landlords or Letting Agents already and will see reduced business as maintenance budgets are cut. Some Landlords will lose their properties so will have no need of your services.
If you don’t work directly in maintenance for tenanted properties you will see more competition from those that do, as the tax change takes effect. You will probably, at the very least, have to become more competitive to win business.
Of course if you’re a tenant or landlord and a tradesperson the tax change will hit hard. Like many other landlords you will likely be forced to increase rents or evict tenants.