HC Deb 01 February 1983 vol 36 c83W
Mr. Trotter

asked the Chancellor of the Exchequer when the present limit for relief for income tax purposes in respect of interest on mortgages or other loans incurred for house purchase was fixed on the loan of a capital sum of £25,000; what would be the equivalent limit today after allowing for the fall in the value of the £ sterling; how the £25,000 limit compared at the time of its introduction with (a) the average cost of a house and (b) the average building society loan for a house purchase; and what is the comparison with the present averages.

Mr. Wakeham

I shall let my hon. Friend have a reply as soon as possible.