Skip to main content

Mortgage Interest Relief

Volume 83: debated on Thursday 25 July 1985

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

asked the Chancellor of the Exchequer (1) whether he will publish in the Official Reporta table showing by range of income and for (a) single persons, (b) married couples without wives' earned income and (c) other married couples, the estimated annual value of claims for mortgage relief and the cost to the Exchequer, assuming the present level of interest rates prevails throughout the year;

(2) whether he will publish in the Offical Report a table showing the number of taxpayers in each taxation group receiving relief on mortgage interest and the average relief per mortgagor, together with the assumed rate of interest in the same manner as of his answer of 7 March 1983, Official Report, c. 284.

[pursuant to his replies, 18 July 1985, c. 258]: The latest estimates are given in the following

Taxpayers receiving mortgage interest relief and average relief by income range 1985–86
Single personsMarried couples wife not workingMarried couples wife working
Range of total income (lower limit)NumbersTotal mortgage interest reliefAverage mortgage interest relief)NumbersTotal mortgage interest reliefAverage mortgage interest reliefNumbersTotal mortgage interest reliefAverage mortgage interest relief
£thousands£ million£thousands£ million£thousands£ million£
3,000355180
4,0004010280601019040245
50255008035390355130
6,000803545090505105515270
7,000100555301901005408535430
8,000110807202401405809545480
9,0001106560022013060014080560
10,000150120780430280640380200510
12,000150120820390280740700420600
15,0008075920250200790770570740
20,00040451,2001501701,100470440950
30,00020301,700701301,8001502201,500