Mortage Tax Relief (Hansard, 22 February 1991)

HC Deb 22 February 1991 vol 186 c293W 293W

§ Mr. Walden
To ask the Chancellor of the Exchequer what was the cost to Her Majesty's Treasury of higher-rate mortgage tax relief in 1985, 1988 and 1990.

§ Mr. Maude
Estimates for financial years are as follows:

Direct revenue cost of mortgage interest relief at a rate in excess of the basic rate of income tax

Year £ million

1985–86 260

¹1988–89 310

¹1990–91 470

¹ Provisional.

Direct revenue cost of mortgage interest relief at a rate in excess of the basic rate of income tax
Year	£ million
1985–86	260
¹1988–89	310
¹1990–91	470
¹ Provisional.