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Mortgage Interest Tax Relief

Volume 167: debated on Monday 12 February 1990

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To ask the Chancellor of the Exchequer how many individuals are currently receiving mortgage interest tax relief; what were the comparable figures for 1973–74, 1978–79, 1983–84, 1988–89 and 1989–90; and what is the current cost to the Exchequer.

Estimates of the numbers of tax units receiving mortgage interest relief in the years requested are as follows:

Million
1973–744·5
1978–795·6
1983–847·5
1988–899·1
1989–909·3
The cost of providing mortgage interest relief in 1989–90 is estimated to be £7 billion.

To ask the Chancellor of the Exchequer what representations he has received about the levels of mortgage interest tax relief; and if he will make a statement.

To ask the Chancellor of the Exchequer what representations he has received about the ceiling on mortgage tax relief; and if he will make a statement.

My right hon. Friend the Chancellor of the Exchequer has received a number of representations concerning the levels of mortgage interest tax relief.