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If anything it should be the under 30s that don’t pay tax. How mortgage interest repayments for primary residence isn’t tax deductible is beyond me as well.
jaw-
How mortgage interest repayments aren’t tax deductible is beyond me as well.
Don't really understand why they should be. Would only make sense as an offset against the in-kind imputed rental income you receive from living in the dwelling.... but that's a net tax increase for mortgaged homeowners (before we even get to capital gains).
NickCJ
The UK has a £3tn (trillion!!) gap in the state pension balance. And it's getting worse because of the birth rate and ageing population problem. Isn't that over 50s policy dumb AF in that regard?
Or maybe that's the point. Labour would have to reverse it quicksharp.