§ Mr. Hunterasked the Chancellor of the Exchequer if the Inland Revenue treats financial assistance for related legal costs which is provided by a local authority or a bank or a building society in connection with an advance by way of mortgage or loan for the purchase of domestic property by a private individual as tax deductible.
§ Mr. MooreWhere the expenditure is incurred in connection with the bank or buildings society's normal business of making loans it will be tax deductible. Local authorities are exempt from tax.