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Owner-Occupiers (Mortgage Interest Relief)

Volume 927: debated on Tuesday 1 March 1977

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asked the Secretary of State for the Environment what is the total value for the whole of the United Kingdom of tax allowances to owner-occupiers; and what is the average allowance per house.

I have been asked to reply.The estimated cost of tax relief on mortgage interest for 1976–77 is around £1,100 million. This is about £183 per mortgagor or £101 per owner-occupied dwelling.