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Mortgage Interest And Life Assurance Premiums (Tax Relief)

Volume 981: debated on Friday 28 March 1980

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asked the Chancellor of the Exchequer if he will update the information on mortgage tax relief given to the hon. Member for Bedwellty (Mr. Kinnock) Official Report, 7 August 1975, c. 333–5.

The estimated information is as follows:

Cost of relief to
Cost £ millionBasic rate taxpayer £ millionHigher rate taxpayer* £ million
* Includes the element of relief at the basic rate to a higher rate taxpayer.