The petition to secure government action over the Section 24 tax issue affecting landlords has passed the 16,500 benchmark but has a long way to go before hitting a 100,000 target.
At that point the government is effectively obliged to have a Parliamentary debate on the issue.
The petition, from Midlands landlord Simon J Foster, urges the government to reverse the Section 24 tax change. Before Section 24 was introduced in 2017, landlords were able to deduct mortgage interest from their income tax – at that time it was also possible to offset mortgage application fees and some other loans.