§ Mr. Weetchasked the Chancellor of the Exchequer if he will update the information on building societies and life assurance tax relief given to the hon. Member for Birkenhead (Mr. Field) on 18 March, Official Report, columns 149–50.
§ Mr. Peter ReesInformation on mortgage interest for 1980–81 is given below. Life assurance relief is now given by deduction on payment of the premium and information by income range is not available.
Total Income Range Average Tax Relief on Mortgage Interest per Mortgagor Numbers claiming Relief £ £ (thousands) Under 3,000 125 80 3,000–5,000 215 520 5,000–10,000 295 3,080 over 10,000 520 1,860 Note: The information relates to all mortgages, not solely to building society mortgages, Married couples are counted as one.