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Mortgages (Northern Ireland)

Volume 973: debated on Friday 16 November 1979

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asked the Chancellor of the Exchequer what tax relief would accrue to a person in Northern Ireland,

Value of income tax relief
(a)(b)(c)
Year of commencement of mortgageCost of houseMortgage advanceFirst yearAverage per annumTotal
£££££
1974–7510,0005,473198·70134·802,697·00
1979–8020,00010,946385·80268·605,371·00
The maximum allowable mortgage depends upon the status of the purchaser and the building society's valuation of the property, but these calculations have been

asked the Chancellor of the Exchequer what progress has been made on the proposed new double taxation convention between the United Kingdom and Italy.

[pursuant to his reply, 15 November 1979, c. 760]: A new double taxation convention between the United Kingdom and Italy was initialled on 16 April 1977, and is being translated into Italian. Negotiations have recently taken place to amend the proposed new convention to take account of the introduction by Italy since the earlier negotiations of an imputation system of corporation tax.