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