Mortgages (Tax Relief)

HC Deb 09 February 1973 vol 850 cc195-6W

Mr. Hugh Jenkins

asked the Chancellor of the Exchequer what is his policy with regard to tax relief on mortgages on dwellings other than the main residence.

Mr. Nott

It has been the view of successive Governments that tax relief should be given for interest paid on loans for the purchase or improvement of land or buildings.