Petition to reinstate mortgage interest tax relief?

Petition to reinstate mortgage interest tax relief?

17:08 PM, 20th December 2022, About A year ago 24

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Since I reposted the petition link this morning, only 500 or so people have signed it!

I appreciate not everyone would have read the post, but why are Property 118 not sending this out daily to all their subscribers? Such an easy way to help. I would have thought this would get to 100,000 easily – in a matter of days!

Lordship

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

We want the Government to reinstate the ability of landlords to set the full amount of mortgage interest against rental income before tax is calculated.

Like many self-employed business people, I am a small, well-established private landlord that is now struggling to make any money from letting properties.

Unless the ability to offset mortgage interest against rental income is reinstated I will like many be forced to sell my properties. This could reduce the number of properties available on the private rental market.

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Comments

Christine Titcombe

13:51 PM, 24th December 2022, About A year ago

I am happy to sign the partition too.

Christine Titcombe

Oliver Nelson

17:12 PM, 24th December 2022, About A year ago

It is worth remembering that some other jurisdiction(s) (including Ireland I think) have introduced similar provisions and ended up reversing them.

Steve Masters

12:22 PM, 11th January 2023, About A year ago

I just signed, now 20,342 signatures.

Come on guys, sign up, we need 100,000, we are only 20% there.

Crouchender

18:07 PM, 11th January 2023, About A year ago

Reply to the comment left by Steve Masters at 11/01/2023 - 12:22
We need the NRLA and other LLs organisations (P118 etc) to get behind this and drive it through. NRLA already has 100,000 LLs so as a given they should be asking all LLs membership to sign this

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