Allow Mortgage interest deductible @ 100% for the financial year 2020-2021.

Rejected 14 signatures

What the petition asks

The government has reduced the amount of Mortgage interest deductible over the last few years from 100% to 0%. This petition is for the government to consider allowing 100% Mortgage interest to be deducted for the financial year 2020-2021.

It is not satisfactory for the government to allow tenants a three month holiday in not paying their rent and not allow evictions to take place before 3 months of non payment. If a mortgage interest holiday is requested to the mortgage lender, the interest on the mortgage is raked up. This policy was introduced as part of the Covid-19 pandemic, and therefore as a direct result of this pandemic, I don;t think it is unreasonable for the government to allow 100% mortgage interest to be deducted for 2020-2021 tax year.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

This petition was briefly opened in error.

There is already a petition about this issue:

Allow landlords full tax relief on finance costs such as mortgage interest

Timeline

15 Sep 2020	Petition opened for signatures
15 Sep 2020	Rejected by the Petitions Committee

Key facts

Signatures 14

Status Rejected

Department HM Treasury

Opened 15 Sep 2020

Rejected 15 Sep 2020

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