HC Deb 29 November 1982 vol 33 c77W
Mr. Viggers

asked the Chancellor of the Exchequer what would be the estimated cost in tax revenue lost of raising the ceiling on the amount of a mortgage for which interest payments are allowable against income for personal taxation from £25,000 to £35,000 outturn prices and at estimated 1983–84 outturn prices.

Mr. Ridley

[pursuant to his reply, 25 November 1982, c. 541]: Information on which to base a firm estimate is not available, but disregarding any new borrowing that the raising of the limit might generate it seems unlikely that the revenue cost would exceed £100 million at the income levels of either year.