Have your say on government e-petitions

Reinstate tax relief allowing mortgage interest to be set against rental income

Submitted by Mieczyslaw Wojciechowski on Wednesday 23rd August 2023

Published on Friday 1st September 2023

Current status: Closed

Closed: Friday 1st March 2024

Signatures: 282

Relevant Departments

Petition Action

Reinstate tax relief allowing mortgage interest to be set against rental income

Petition Details

Due to the Government mini budget failures and other economic factors, interest rates have risen at the fastest rate in recent history.

Additional Information

There are a lot of fixed rate mortgages which will end this year. Those home owners are coming out of historically low interest rates to the highest in recent times.

We can’t keep raising rents every month so a lot of rents won’t even cover the new mortgage. Many landlords have another job as a main income which means that we need to pay higher tax on a rent where we might not have even earned a penny of profit. This could force many landlords to sell properties which could reduce the availability of rental properties and push rent prices even higher. Please reinstate tax relief until mortgage interest rates come down.


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

3.135.188.211 Thu, 07 Nov 2024 13:07:47 +0000