HC Deb 17 July 1981 vol 8 cc481-2W
Mr. Dewar

asked the Chancellor of the Exchequer how much tax relief is granted to owner occupiers on mortgage payments in Scotland (a) at basic rate and (b) at each of the higher rates of taxation.

Mr. Peter Rees

The estimate of total tax relief on mortgage interest payments for Scotland is £95 million in a full year at 1981–82 income levels, assuming that the recommended interest rate remains at 13 per cent. throughout the year. Over the United Kingdom as a whole approximately 7½ per cent. of the cost is attributable to relief in excess of the basic rate; no separate figure is available for Scotland.