§ Mr. Andrew F. Bennettasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing the number of taxpayers in each income group receiving relief on mortgage interest and the average relief per mortgagor, together with the assumed rate of interest for the financial year 1983–84.
§ Mr. MooreThe latest estimates are given in the following table. The figures are derived from a projection from the 1981–82 survey of personal income (the latest available), on the basis of recommended interest rates prevailing during 1983–84. It has been assumed that the current Building Societies Association recommended rate (11¼ per cent.) will remain in force until the end of the fiscal year. The table does not include the relief given to former option mortgagors who are now included in the arrangements for giving mortgage interest relief at source. I regret that it is not possible to provide reliable estimates for this group in detail.
Taxpayers receiving mortgage interest relief and average relief by range of total income 1983–84 Range of total income (lower limit) £
Numbers receiving mortgage interest relief Thousands Average relief per mortgagor £
2,000 65 20 3,000 105 50 4,000 190 105 5,000 300 175 6,000 390 255 7,000 460 270 8,000 575 315 9,000 530 340 10,000 990 365 12,000 960 400 15,000 760 465 20,000 370 720 30,000 125 1,170