§ Mr. Allen McKayasked the Chancellor of the Exchequer what has been the average tax rebate on mortgage payments for each year from 1978 to 1983.
§ Mr. Moore[pursuant to his reply, 26 January 1984, c. 635]: Estimates of the average costs of tax relief for mortgage interest for taxpayers with a mortgage are as follows. The estimate for 1983–84 takes account of taxpayers formerly within the option mortgage scheme but now receiving mortgage interest relief at source under the new arrangements from 1 April 1983.
Mortgage interest tax relief, cost per mortgagor receiving tax relief £ 1978–79 200 1979–80 265 1980–81 355 1981–82* 350 1982–83* 370 1983–84* 400 * Provisional