§ Mr. Craigenasked the Chancellor of the Exchequer if he will produce a table showing the annual total amount of mortgage interest tax relief for (a) Great Britain, (b) Scotland, (c) England and (d) Wales from 1982–83 to 1984–85 and also the average mortgage tax relief per mortgagor in: (i) Great Britain, (ii) Scotland, (iii) England and (iv) Wales for the same period.
§ Mr. Moore[pursuant to his reply, 19 April 1985, c. 298]: The latest estimates are given in the table. Figures for 1983–84 and 1984–85 are provisional.
Mortgage Interest Tax Relief Total cost £ million Per Mortgagor receiving tax relief £ 1982–83 Great Britain 2,120 350 Scotland 140 380 England 1,900 350 Wales 80 290 Northern Ireland 30 310 United Kingdom 2,150 350 1983–84* Great Britain 2,715 400 Scotland 160 430 England 2,460 400 Wales 95 330 Northern Ireland 35 350 United Kingdom 2,750 400 1984–85* Great Britain 3,455 500 Scotland 200 550 England 3,130 500 Wales 125 425 Northern Ireland 45 440 United Kingdom 3,500 500 * Includes the cost of relief in respect of mortgages previously under the option mortgage scheme.
§ Mr. Craigenasked the Chancellor of the Exchequer if he will give the total annual cost of mortgage interest tax relief paid to mortgagors who are taxed above the standard rate for each financial year from 1982–83 to 1984–85 in Scotland.
§ Mr. Moore[pursuant to his reply, 19 April 1985, c. 298]: The latest estimates are as follows, together with the costs of relief given in excess of the basic rate.
64W
Mortgage interest tax relief in Scotland Relief for higher rate taxpayers £ million Relief in excess of the basic rate £ million 1982–83 25 12 1983–84 25 12 1984–85 30 15