Property Income (Hansard, 19 October 1988)

§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer whether he will publish in theOfficial Report tables showing for those above and for those below pensionable age, the estimated number of tax units in receipt of more than £200 gross in lettings and other incomes from property and the average amount received, together with his estimates for 1988–89; and if he will
936W

§ Mr. Norman Lamont
[holding answer 29 July 1988]: The latest information available relates to 1985–86 and derives from the survey of personal incomes. Some of these estimates are based on small samples: where this means that the actual number may be more than about one third higher or lower than shown in the tables, the figures are shown in brackets. The coverage of investment income in the survey is incomplete. In some cases investment income on which basic rate liability is satisfied at source is not reported. Composite rate interest is reported net of tax in the survey.
divide the figures to show the amounts for those above and those below pensionable age by range of total income up to a lower limit of £100,000 and distinguishing between single persons, one-earner and two-earner married couples.

§ Mr. Norman Lamont
[holding answer 29 July 1988]: The latest information available relates to 1985–86 and derives from the survey of personal incomes. Some of these estimates are based on small samples: where this means 937W that the actual number or amount may be more than about one third higher or lower than shown in the tables, the figures are shown in brackets.

Aged 65 and over with over £200 before tax from lettings Aged under 65 with over £200 before tax from lettings

Lower limit of total income Number Average rental Number Average rental

£ £ £

Single people

2,200 41,100 1,400 (29,700) (1,900)

10,000 (10,900) (2,900) (17,400) (2,600)

20,000 8,040 (8,100) 7,500 (4,400)

50,000 (600) (10,700) (900) (9,000)

100,000 (100) (12,200) (400) (14,400)

Married couples without wives earned income

2,200 (26,400) (1,400) (19,600) (400)

10,000 (12,300) (2,600) (12,300) (1,400)

20,000 (6,900) (3,900) 14,300 2,670

50,000 (500) (6,800) 2,420 (4,800)

100,000 (100) (24,000) (800) (11,800)

Married couples with wives earned income

2,200 (7,100) (1,400) (17,600) (1,800)

10,000 (4,400) (3,100) (39,600) (2,100)

20,000 8,720 4,040 42,700 2,770

50,000 (2,800) (5,800) 7,800 6,240

100,000 (700) (14,200) 1,700 (10,900)

	Aged 65 and over with over £200 before tax from lettings	Aged under 65 with over £200 before tax from lettings
Lower limit of total income	Number	Average rental	Number	Average rental
£		£		£
Single people
2,200	41,100	1,400	(29,700)	(1,900)
10,000	(10,900)	(2,900)	(17,400)	(2,600)
20,000	8,040	(8,100)	7,500	(4,400)
50,000	(600)	(10,700)	(900)	(9,000)
100,000	(100)	(12,200)	(400)	(14,400)
Married couples without wives earned income
2,200	(26,400)	(1,400)	(19,600)	(400)
10,000	(12,300)	(2,600)	(12,300)	(1,400)
20,000	(6,900)	(3,900)	14,300	2,670
50,000	(500)	(6,800)	2,420	(4,800)
100,000	(100)	(24,000)	(800)	(11,800)
Married couples with wives earned income
2,200	(7,100)	(1,400)	(17,600)	(1,800)
10,000	(4,400)	(3,100)	(39,600)	(2,100)
20,000	8,720	4,040	42,700	2,770
50,000	(2,800)	(5,800)	7,800	6,240
100,000	(700)	(14,200)	1,700	(10,900)