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Mortgage Interest (Tax Relief)

Volume 13: debated on Monday 16 November 1981

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asked the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer of tax relief on mortgage interest for owner-occupiers in 1980–81, 1981–82 and 1982–83.

The available information is:

Cost of tax relief on mortgage interest
£ million
1980–811,960
1981–821,950
No estimate is available for 1982–83, as this will depend on income tax rates and allowances, and on the amounts of allowable mortgage interest in that year.