§ Mr. McTaggartasked the Chancellor of the Exchequer what has been the annual cost of tax relief on mortgage interest in (a) Scotland and (b) the United Kingdom in each of the last five years for which figures are available.
§ Mr. Moore[pursuant to his reply, 22 November 1984, c. 270]: The latest estimates are as follows. Figures for 1982–83 and later years are provisional.
582W
Distribution of total incomes before and after tax. 1980–81 (Table 5) Numbers, thousands, Amounts: £ million Before tax. By range of total income before tax After tax. By range of total income after tax Range of total income (lower limit) £ Number of incomes Total income before tax Tax Total income after tax Number of incomes Total income before tax Tax Total income after tax 1,350 1,590 2,670 94 2,580 2,050 3,650 190 3,460 2,000 1,300 2,920 218 2,700 1,810 4,580 478 4,100 2,500 1,550 4,260 424 3,830 2,060 6,550 865 5,680 3,000 1,500 4,870 612 4,260 1,960 '7,490 1,140 6,350 3,500 1,530 5,710 825 4,880 1,800 8,030 1,290 6,740 4,000 1,420 6,020 938 5,090 1,580 8,080 1,360 6,710 4,500 1,290 6,100 994 5,110 1,620 9,310 1,630 7,680 5,000 1,300 6,790 1,140 5,650 1,340 8,500 1,480 7,020 5,500 1,230 7,090 1,240 5,850 1,310 9,170 1,630 7,540 6,000 2,150 13,900 2,450 11,400 2,140 16,900 3,050 13,800 7,000 1,930 14,400 2,630 11,800 1,460 13,500 2,500 11,000 8,000 2,440 21,700 4,040 17,600 1,630 18,000 3,560 14,400 10,000 1,300 14,200 2,840 11,400 735 10,200 2,230 8,000 12,000 874 11,600 2,460 9,160 453 7,990 1,980 6,010 15,000 530 9,010 2,190 6,820 198 4,780 1,420 3,360 20,000 222 5,240 1,560 3,680 77 2,900 1,100 1,800 30,000 74 2,730 1,020 1,710 14 884 387 497 50,000 19 1,190 578 612 3 406 217 189 100,000* 4 621 320 301 0.6 174 70 104 All ranges 22,200 141,000 26,600 114,000 22,200 141,000 26,600 114,000
Mortgage interest tax relief Total cost £ million Scotland United Kingdom 1980–81 120 1,960 1981–82 120 2,050 1982–83 130 2,150 *1983–84 165 2,750 *1984–85 210 3,500 * Includes the cost of relief in respect of mortgages previously under the option mortgage scheme.
§ Mr. McTaggartasked the Chancellor of the Exchequer what is the average subsidy per owner-occupier through tax relief on mortgage interest in (a) Scotland and (b) the United Kingdom, in the latest year for which figures are available.
§ Mr. Moore[pursuant to his reply, 22 November 1984, c. 270]: The average cost of mortgage interest tax relief per owner-occupier in 1984–85 is estimated to be about £270 both in Scotland and in the United Kingdom as a whole.