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Mortgages And Life Assurance (Tax Relief)

Volume 886: debated on Wednesday 12 February 1975

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asked the Chancellor of the Exchequer if he will list in the Official Report the amount of revenue lost for each year since 1967 from granting (a) mortgage income relief and (b) concessions on life insurance premiums.

The information for complete financial years since 1967–68 is as follows:

£ million
Mortgage interestLife insurance
1967–6818075
1968–6919585
1969–70235100
1970–71300110
1971–72340120
1972–73390130
1973–74500140