Submitted on Monday 6th February 2017
Published on Tuesday 21st February 2017
Current status: Closed
Closed: Tuesday 2nd May 2017
Signatures: 196
Tagged with
Reverse the mortgage interest tax relief restriction on ‘individual’ landlords.
The government will curb the amount of tax landlords can claim back on their property investments, meaning buying and renting out property may no longer be viable for many.
This will result in some landlords who finance their business with mortgages paying tax despite making no profit.
The policy discriminates against individual buy-to-let investors by denying them the same rights as other business owners.'
In no other business are costs wholly incurred to fund the business liable for taxation.
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