§ Mr. ButterfillTo ask the Chancellor of the Exchequer under what circumstances any interest on loans qualifying for tax relief during a lifetime has obtained tax relief for any interest paid after death in any of the last five years; and if he will make a statement.
§ Mr. BrookeGenerally speaking, relief for interest paid ceases to be available when the borrower dies. However, in certain circumstances, interest on a loan to buy a borrower's main residence may continue to be eligible for relief where paid after the borrower's death by his personal representatives or the trustees of his will settlement, provided the home continues to be the main residence of the deceased's spouse or dependent relative. No figures are available of the claims made under this provision.