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Mortgage Interest Relief

Volume 116: debated on Thursday 14 May 1987

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asked the Chancellor of the Exchequer if, pursuant to his reply dated 6 April, Official Report, column 74, showing the average unearned income and average amount of mortgage interest relief in each income band at higher rates, he will publish in the Official Report the number of incomes in each of these two categories in the same detail.

[pursuant to his reply, 13 May 1987]: Information is given in the tables. The estimates are based on a projection from the 1984–85 survey of personal incomes and are therefore provisional.

Range of total income Lower limit

Total number of incomes

Number of incomes with investment income

Number of incomes with mortgage interest relief

Total number of incomes

Number of incomes with investment income

Number of incomes with mortgage interest relief

(£ pa

('000s)

('000s).

('000s)

('000s)

('000s)

('000s)

Two-earner married couples

Without a wife's earnings election

With a wife's earnings election

20,000554015000
25,000225175150503525
30,0009080701108075
35,000403530705550
40,000303020504530
50,000303020504530

1 Includes some 130,000 tax units that are taken out of higher rate tax following the wife's earnings election.