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Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will circulate in the Official Reporta table showing for each band in the taxation
Estimated number of tax units liable to tax | |||||
Range of total income in 1979–80 | Total '000 | Proportion claiming mortgage interest relief Per cent. | Average per mortgagor of mortgage interest qualifying for relief (£) | Average per mortgagor of additional qualifying interest, net of tax relief, for 1 per cent. increase in interest rates (£) | |
Under 2,000 | … | 1,600 | 1 | 460 | 35 |
2,000–10,000 | … | 18,000 | 24 | 730 | 40 |
10,000–12,000 | … | 800 | 60 | 1,050 | 55 |
12,000–16,000 | … | 600 | 62 | 1,250 | 65 |
16,000–20,000 | … | 200 | 58 | 1,580 | 70 |
Over 20,000 | … | 200 | 49 | 2,250 | 80 |
All ranges | … | 21,400 | 25 | 830 | 45 |
per cent. | ||
April 1976 | … | 10½ |
October 1976 | … | 12¼ |
April 1977 | … | 11¼ |
June 1977 | … | 10½ |
September 1977 | … | 9½ |
January 1978 8 | … | 8½ |
June 1978 | … | 9¾ |
November 1978 | … | 11¾ |
January 1980 | … | 15 |