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House Purchase

Volume 175: debated on Tuesday 3 July 1990

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To ask the Chancellor of the Exchequer what plans he has to amend the provisions of subsection (6) of section 354 of the Taxes Act 1988 in order to provide that interest eligible for relief on bridging finance for house purchases is extended beyond the initial 12-month period of relief as of right and not discretion.

[holding answer 2 July 1990]: None. I am not aware of any need for a change in the present rules.