§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what is his estimate of the Exchequer what is his estimate of the number of tax units receiving mortgage interest with investment income; and if he will provided a forecast for 1989–90.
§ Mr. LilleyThe information requested is in the tables. These estimates are subject to revision.
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Tax units receiving mortgage interest relief by range of total income 1988–89 (Thousands) Range of total income With no investment income With investment income Total Up to £5,000 240 280 520 £5,000-£ 10,000 590 1,380 1,970 £10,000-£15,000 590 1,970 2,560 £15,000-£20,000 310 1,510 1,820 £20,000-£30,000 160 1,350 1,510 £30,000 + 50 670 720 Total 1,940 7,160 9,100
Tax units receiving mortgage interest relief by range of total income 1989–90 (Thousands) Range of total income With no investment income With investment income Total Up to £5,000 210 240 450 £5,000-£10,000 490 1,160 1,650 £10,000-£15,000 530 1,790 2,320 £15,OOO-£2O,O0O 340 1,690 2,030 £20,000-£30,000 190 1,680 1,870 £30,000 + 50 930 980 Total 1,810 7,490 9,300 Estimates of the numbers of tax units receiving mortgage interest relief are based on information from the 1987–88 survey of personal incomes. In the projections to 1988–89 and 1989–90, it is assumed that the proportions of mortgagors in each income range with investment income are the same as those for 1988–89 provided in previous reply to the hon. Member on 29 July 1988 at columns 732–34.