Mortgage Interest Relief (Hansard, 23 May 1972)

HC Deb 23 May 1972 vol 837 cc310-1W 310W

§ 28. Mr. Hardy
asked the Chancellor of the Exchequer what was the total cost of tax relief on mortgage interest and the number of persons benefiting in each of the last 10 years.
311W

§ Mr. Patrick Jenkin
The Estimates are:

Cost of tax relief on mortgage interest paid by owner occupiers Numbers benefiting

£million millions

1962–63 75 3.9

1963–64 90 4.0

1964–65 110 4.1

1965–66 135 4.2

1966–67 155 4.4

1967–68 180 4.5

1968–69 195 4.6

1969–70 235 4.7

1970–71 300 4.9

1971–72(Provisional) 340 5.0

	Cost of tax relief on mortgage interest paid by owner occupiers	Numbers benefiting
	£million	millions
1962–63	75	3.9
1963–64	90	4.0
1964–65	110	4.1
1965–66	135	4.2
1966–67	155	4.4
1967–68	180	4.5
1968–69	195	4.6
1969–70	235	4.7
1970–71	300	4.9
1971–72(Provisional)	340	5.0