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Mortgages (Tax Relief)

Volume 892: debated on Friday 16 May 1975

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asked the Chancellor of the Exchequer what was the amount of revenue lost from granting tax relief on mortgages in 1974–75.

, pursuant to his reply [Official Report, 15th May 1975; Vol. 892, c. 157], gave the following information:The estimated full-year cost of tax relief on mortgage interest payments for 1974–75 is about £680 million.