Mortgage Interest and Life Assurance Premiums (Tax Relief) (Hansard, 28 March 1980)

HC Deb 28 March 1980 vol 981 c721W 721W

§ Mr. Field
asked the Chancellor of the Exchequer if he will update the information on mortgage tax relief given to the hon. Member for Bedwellty (Mr. Kinnock) Official Report, 7 August 1975, c. 333–5.

§ Mr. Peter Rees
The estimated information is as follows:

Cost of relief to

Cost £ million Basic rate taxpayer £ million Higher rate taxpayer* £ million

1975–76 865 630 235

1976–77 1,090 740 350

1977–78 1,040 755 285

1978–79 1,110 900 210

1979–80 1,450 1,200 250

* Includes the element of relief at the basic rate to a higher rate taxpayer.

		Cost of relief to
	Cost £ million	Basic rate taxpayer £ million	Higher rate taxpayer* £ million
1975–76	865	630	235
1976–77	1,090	740	350
1977–78	1,040	755	285
1978–79	1,110	900	210
1979–80	1,450	1,200	250
* Includes the element of relief at the basic rate to a higher rate taxpayer.