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Mortgage interest payments on primary homes to be offset against income tax

Submitted by Yogish Sekhar on Thursday 28th September 2023

Published on Thursday 5th October 2023

Current status: Closed

Closed: Friday 5th April 2024

Signatures: 139

Relevant Departments

Petition Action

Mortgage interest payments on primary homes to be offset against income tax

Petition Details

With increasing cost of living and sizeable monthly mortgage interest payments for primary homes; Government should allow mortgage interest payments to be deducted from income tax to ease homeowners' financial burdens

Additional Information

Hardworking individuals and families across the nation are grappling with the relentless rise in the cost of living, which encompasses everything from groceries and fuel to healthcare and education. Amidst this economic strain, one of the most significant financial responsibilities for many is the mortgage on their primary residences. These monthly payments can often be substantial, causing considerable stress and financial strain.


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