Skip to main content

Independent Schools (Endowments And Covenants)

Volume 981: debated on Tuesday 18 March 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer what is the annual tax

Mortgage interest relief (1979–80)*Life assurance relief (1978–79)
Total income rangeAverage mortgage interest relief per mortgagorNumbers claiming reliefAverage tax relief per claimant‡Numbers claiming relief
Under £1,000
Over £10,0004801,05075800
* The information for 1979–80 relates to all mortgages, not solely to building society mortgages.
† Life assurance relief for 1979–80 is obtained by deduction on payment of the premium and information is not available by range of total income. The latest year for which a distribution of relief by income range is available is 1978–79.
‡Counting married couples as one.