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Closed Interest on Mortgages to be Tax Deductible

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The amount of tax paid (Income Tax, VAT etc) by a normal household in the UK is at a very high level especially for individuals and families that have mortgage to pay as well.

This petition is to request Her Majesty's Treasury departmet to allow Interests on mortgages to be tax deductible for the their main home. Buying a house is a long term investment for a family and mortgage constitute a substantial outgoing and hence the interest must be tax deductible.

This tax relief is given to landlords for rental properties, Interests on Loan to Businesses etc - we request that this should be extended to Individual and families too. This will immensely help families.

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 21 May 2013.