asked the Chancellor of the Exchequer what is the average tax relief granted to owner-occupiers purchasing their homes on mortgages in Scotland and the United Kingdom, respectively; and what is the total amount of relief granted for both Scotland and the United Kingdom.
only the husband working; and what will be the cash value of such allowances and benefits in 1977–78 and 1978–79 assuming that the current proposals for child benefit increases are implemented and that there are no further charges in tax rates or allowances.
, pursuant to his reply [Official Report, 10th November 1977; Vol. 938, c. 184–5], gave the following information:Assuming that the children are all under 11 years of age the figures are as follows:
, pursuant to his reply [Official Report, 10th November 1977; Vol. 938, c. 191–2], gave the following information:The total tax relief on mortgage in-interest for 1977–78 is estimated at £1,070 million taking into account the recent reduction in the rates charged by building societies but on the assumption that rates do not change again thereafter. About £45 million of this relates to Scotland. The average relief per mortgagor is about £175 for the United Kingdom and £150 for Scotland.