HC Deb 24 July 1990 vol 177 cc128-9W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer how much tax relief goes on mortgage tax relief(a) at basic rate and (b) in excess of the basic rate in 1989–90 and 1990–91.

Mr. Ryder

[holding answer 23 July 1990]: Provisional estimates are given in the table; 1990–91 estimates are based on the assumption that interest rates remain at their current levels.

Mortgage Interest Relief
Year Total cost of relief £ million Cost of relief at rates in excess of the basic rate of income tax £ million
1989–90 6,900 430
1990–91 8,000 510