§ Mr. ClayTo ask the Chancellor of the Exchequer if he will publish a table showing(a) the total cost of mortgage interest tax relief in 1989–90, (b) the average value of relief per mortgagor, and (c) the numbers receiving mortgage relief broken down in the following income ranges: under £4,000, £4,000 to £5,000, £5,000 to £6,000, £6,000 to £7,000, £7,000 to £8,000, £8,000 to £9,000, £9,000 to £10,000, £10,000 to £12,000, £12,000 to £15,000, £15,000 to £20,000, £20,000 to £25,000, £25,000 to £30,000 and over £30,000.
§ Mr. Norman Lamont[holding answer 10 May 1989]: Latest estimates for 1989–90, based on the assumption that interest rates remain at current levels for the rest of 1989–90, are given in the table. These are based on projections to 1989–90 of information in the 1986–87 survey of personal incomes and the 1986 family expenditure survey and are provisional. The estimates include mortgages formerly under the option mortgage scheme which are now subsumed within MIRAS.
increased in real terms since 1979; and how this amount has been distributed to each band of income taxpayers, both in total and in amount per taxpayer.
§ Mr. Norman Lamont[holding answer 10 May 1989]: Since 1978–79, the basic income tax personal allowances 17W have increased in real terms by over 25 per cent. If, for
Single Person Married one-earner couple Married two-earner couple Income range £ per annum Total £ million Average per taxpayer1 £ per annum Total £ million Average per taxpayer1 £ per annum Total £ million Average per taxpayer1 £ per annum Less than 5,000 300 110 20 120 2— — 5,000—10,000 600 130 310 190 110 210 10,000—15,000 320 140 360 220 350 290 15,000—20,000 100 130 190 210 460 290 20,000—25,000 40 130 90 210 360 310 25,000—30,000 20 180 50 270 230 340 30,000—50,000 20 210 90 330 280 370 Over 50,000 10 210 40 330 70 380 Total 1,410 140 1,140 220 1,860 320 1 Taxpayers liable to tax when personal allowances are reduced to their indexed 1978–79 levels. Married couples are counted as one taxpayer. 2 Less than £5 million.