§ 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.129W
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