§ Mr. Atkinsonasked the Chancellor of the Exchequer what total tax relief at current rates an owner-occupier will receive when repaying over 25 years at 8½ per cent. mortgages of £3,150 and £4,275, respectively; and if he will make a statement.
§ Mr. Harold LeverThis will depend on his marginal rate of tax, which in turn will depend on his income and his personal circumstances. If his income was wholly earned and below £4,005 but large enough for him to be liable at the standard rate, the income tax relief would be £1,458 and £1,979 respectively.