Reverse Section 24 for Landlords on mortgage interest payments

Rejected 10 signatures

What the petition asks

Reconsider and reverse Section 24, which limits mortgage interest tax relief for landlords. This policy has adverse effects on the rental property sector and property investors. By taxing expenses, including mortgage interest, landlords face financial strain and increases in rents

Exempting sole traders' expenses from taxes fuels entrepreneurship, economic growth, and creativity. Encouraging reinvestment stimulates job creation and innovation, benefiting both businesses and the economy. Simplified taxes enhance compliance, freeing entrepreneurs to focus on growth. Reversing Section 24 would promote a fair playing field for property investors and support a healthy housing market. Taxing expenses hampers landlords' ability to maintain properties and quality drops.

Why it was rejected

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

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

Timeline

31 Aug 2023	Petition opened for signatures
4 Sep 2023	Rejected by the Petitions Committee

Key facts

Signatures 10

Status Rejected

Rejected 4 Sep 2023

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