§ 49. Mr. Boardman
asked the Minister of Housing and Local Government what is the estimated additional cost imposed by the Selective Employment Tax to a person buying a house on a 20-year mortgage at current interest rates based on the official estimate of £70-£80 Selective Employment Tax per house.
§ Mr. Mellish
The increased cost due to the tax will often be less than £70 a house. At £70, if the purchaser paid the whole of the tax, the additional cost would be 11s. 2d. per month, or £133 over 20 years.