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Dividend Control

Volume 898: debated on Monday 20 October 1975

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asked the Chancellor of the Exchequer if he will consider the effect of the dividend control on companies which are accepted as resident abroad for taxation and exchange control purposes.

( b) in England and Wales, for the financial year 1974–75.

The estimated cost for 1974–75 of tax relief on mortgage interest payments is £700 million. Of this about £28 million relates to taxpayers resident in Scotland and £663 million to those in England and Wales.