HL Deb 06 March 1985 vol 460 c1439WA
Lord Monson

asked Her Majesty's Government:

How much revenue would be raised if income tax relief on mortgage interest were restricted to the standard rate, currently 30 per cent.

The Earl of Gowrie

The direct revenue yield would be about £180 million in a full year at 1984–85 levels of mortgage lending and interest rates.