Mortgage Interest Tax Relief (Hansard, 31 October 1984)

HC Deb 31 October 1984 vol 65 c1067W 1067W

§ Mr. Meacher
asked the Chancellor of the Exchequer if, in the light of increased mortgage interest rates, he will provide the latest estimate of the cost of mortgage interest tax relief in 1984–85 and for the preceding five years.

§ Mr. Moore
[pursuant to his reply, 25 October 1984, c. 679]: The latest estimates, which take into account the levels of mortgage debt as well as mortgage interest rates, are as follows:

£ million

1979–80 1,450

1980–81 1,960

1981–82 2,050

^*1982–83 2,150

^*^†1983–84 2,750

^*^†1984–85 3,500

^* Provisional.

^† Includes the cost of relief in respect of mortgages previously under the option mortgage scheme.

	£ million
1979–80	1,450
1980–81	1,960
1981–82	2,050
^*1982–83	2,150
^*^†1983–84	2,750
^*^†1984–85	3,500
^* Provisional.
^† Includes the cost of relief in respect of mortgages previously under the option mortgage scheme.