Skip to main content

Tax Relief

Volume 77: debated on Thursday 18 April 1985

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 his latest estimate of the expected cost in terms of revenue forgone in the 1984–85 tax year from (a) mortgage interest relief and (b)relief on employees and self-employed pension contributions arising from relief allowed at higher rates of tax.

The direct revenue cost of income tax relief at rates in excess of the basic rate in 1984–85 is estimated to be about £200 million for mortgage interest relief and about £200 million for relief on employees' and self employed pension contributions. The direct revenue costs of these reliefs taken in combination are estimated at about £425 million.