Submitted on Thursday 4th August 2022
Rejected on Friday 5th August 2022
Current status: Rejected
Rejection code: no-action (see below for details)
Charge 50% income tax on Gross income of any one who own more than two houses.
Charge income tax any one who own more than two houses, at the rate of 50% on Gross Rental Income to regulate the price increase and availabilty of houses in the market. Regulate people creating multiple companies to avoid taxatiion on rental income.
Many people are forming mutiple companies and partnership to avoid taxation on rental income. And these companies and individuals own many houses. It is hard for youngsters to get on property ladder.
Goverment didnt take any action or created a regulator to control availability and price in the property market.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We understand you're concerned about taxes paid by people who own multiple properties. However, income tax is paid as a fixed percentage of someone's total income (which can include rental income), and the rate does not vary for each type of income. It's therefore not clear how what you're proposing would work.
You could have a petition calling for a dedicated tax on rental income, if that is something you'd like to see happen.
You might like to sign this petition which calls for a related action: petition.parliament.uk/petitions/618515.
18.220.163.91 Mon, 20 May 2024 14:26:34 +0100
