§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing for those with and those without investment income in 1985–86 the numbers in each income band benefiting from mortgage interest relief; and if he will provide an estimate for 1987–88.
§ Mr. Norman LamontThe information is in the tables. The estimates are based on projections of the 1983, 1984 and 1985 family expenditure surveys and are therefore provisional.
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Tax units1 receiving mortgage interest relief by range of total income—1985–86 (thousands) Range of total income (£'000) Without investment income With investment income Total Under 4 330 360 690 4 to 5 40 70 110 5 to 6 70 140 210 6 to 7 100 220 320 7 to 8 130 310 440 8 to 9 160 420 580 9 to 10 160 470 630 10 to 12 300 950 1,250 12 to 15 310 1,180 1,490 15 to 20 210 1,130 1,340 20 to 25 40 390 430 25 to 30 20 210 230 Over 30 20 260 280 All 1,890 6,110 8,000 1 Single persons and married couples and including about 500,000 non-taxpaying units.
Tax units1 receiving mortgage interest relief by range of total income—1987–88 (thousands) Range of total income (£'000) Without investment income With investment income Total2 Under 4 310 340 650 4 to 5 30 70 100 5 to 6 40 100 140 6 to 7 70 140 210 7 to 8 80 190 270 8 to 9 100 270 370 9 to 10 120 360 480 10 to 12 280 870 1,150 12 to 15 340 1,260 1,600 15 to 20 300 1,600 1,900 20 to 25 70 660 730 25 to 30 30 300 330 Over 30 30 440 470 All 1,800 6,600 8,400 1 Single persons and married couples. 2 Including about 500,000 non-taxpayers.