HC Deb 23 January 1962 vol 652 cc13-4W
Mr. Reynolds

asked the Chancellor of the Exchequer what was the total cost to the Exchequer in the last financial year of granting tax reliefs to people buying their own homes on mortgages: and how many people were granted such tax reliefs.

Mr. Barber

It is estimated that if people buying their own houses on mortgage during the year 1960–61 had not been able to claim any form of tax relief for the mortgage interest they paid in that year the extra tax payable would have been about £70 million. The number of people obtaining such relief is not known but may be of the order of 3½ million.