Submitted on Monday 27th July 2015
Rejected on Tuesday 28th July 2015
Current status: Rejected
Rejection code: duplicate (see below for details)
Scrap the mortgage interest tax levy before it forces tenants out and rents up!
The decision in the Budget to restrict landlords' right to offset finance costs of their businesses will lead to bankruptcies, repossessions, house prices falling, negative equity, higher rents, empty houses and homelessness. It will adversely affect landlords, tenants, home owners and businesses.
The justification for the misleadingly-presented and outrageously unfair 'tax relief' change for landlords effectively re-defines finance costs of business as taxable 'income.' It creates a dangerous precedent in business and was based on an idea (since proven false) that landlords enjoy a tax advantage over owner-occupiers. In fact, landlords are taxed more heavily (rental income; CGT) (sources: IFS, Policy Exchange, chief economists). As its central premise is wrong, we urge its abandonment.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
We cannot accept duplicate petitions. We think this petition is similar to yours:
petition.parliament.uk/petitions/104880
You might like to sign this petition instead. It is more likely to get more signatures that way.
3.138.118.194 Thu, 21 Nov 2024 11:38:19 +0000
