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Mortgages (Tax Relief)

Volume 974: debated on Monday 19 November 1979

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asked the Chancellor of the Exchequer what is the rate of tax relief per £1,000 given to mortgage borrowers at the most recent convenient date.

The relief in the first year, at the present basic rate of tax and a mortgage interest rate of 11¾ per cent., would be £35 per £1,000 of mortgage.