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Mortgage Interest Relief

Volume 928: debated on Wednesday 23 March 1977

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asked the Chancellor of the Exchequer what is the present-day value, after allowing for inflation, of the £25,000 limit for interest allowable for income tax in respect of house purchase introduced in 1974.

On the assumption that the hon. Member is asking what the £25,000 limit would now be if it had been linked to changes in the Retail Price Index, £42,500.