§ 37. Mr. Macfarlaneasked the Secretary of State for Defence what discussions he has had with regard to mortgage interest relief for RAF personnel purchasing their own homes.
§ Mr. WellbelovedWe were aware of the difficulties for Service men, and other mobile workers, caused by the Finance Act 1974 in this area. Following discussions with the Inland Revenue, my hon. Friend the Financial Secretary to the Treasury was able on 14th July 1976—[Vol. 915, c. 766.]—to announce to the House a general concession on mortgage interest relief. This concession goes a considerable way to easing the difficulty over tax relief on mortgage payments when for service reasons a Service man cannot occupy his own home.