§ Mr. Tierney
asked the Chancellor of the Exchequer what was the total amount of tax relief allowed on mortgage interest payments in the current year and for each of the past five years.
§ Mr. Robert Sheldon
The estimated cost of tax relief in respect of mortgage interest payments for the five years up to 1975–76 is as follows:
£ million 1971–72 310 1972–73 365 1973–74 510 1974–75 695 1975–76 865
An estimate for the current year is not yet available.