Skip to main content

Mortgages (Income Tax Relief)

Volume 73: debated on Thursday 21 February 1985

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

25.

asked the Chancellor of the Exchequer what is the average amount of income tax relief on interest paid to owner-occupiers who have mortgages; and what has been the increase since 1979.

The average cost of mortgage interest relief per mortgagor is about £500 in 1984–85 compared with £200 in 1978–79.