§ Mr. Meacherasked the Chancellor of the Exchequer what is the current distribution of mortgage interest tax relief by income bands under £5,000 a year, £5,000 to £10,000, £10,000 to £15,000, £15,000 to £20,000, £20,000 to £25,000, £25,000 to £30,000, £30,000 to £40,000, £40,000 to £50,000 and over £50,000; what is the number of taxpayers in each income band receiving 584W this relief; what is the total relief per mortgagor in pound millions and as a percentage; and what is the average relief per mortgagor in each income band.
§ Mr. Sedgemoreasked the Chancellor of the Exchequer what view the Inland Revenue takes on future reinsurance at Lloyd's for the purposes of the payment of tax.
§ Mr. Ian Stewart[pursuant to his reply, 13 February 1986]: Reinsurance is dealt with in accordance with the normal income tax principles which apply to payments and provisions for future liabilities of traders.