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