HC Deb 25 October 1989 vol 158 cc452-3W
Mr. Norman Hogg

To ask the Chancellor of the Exchequer if he will publish a table in theOfficial Report showing (a) the estimated total cost of mortgage tax relief in 1989–90, (b) the average value of relief per mortgagor and (c) the numbers receiving mortgage relief broken down in the income ranges (i) under £4,000, (ii) £4,000 to £5,000, (iii) £5,000, (iv) £5,000 to £6,000 (v) £6,000 to £7,000, (vi) £7,000 to £8,000, (vii) £8,000 to £9,000, (viii) £9,000 to £10,000, (ix) £10,000 to £12,000, (x) £12,000 to £15,000, (xi) £15,000 to £20,000, (xii) £20,000 to £25,000, (xiii) £25,000 to £30,000 and (xiv) over £30,000.

Mr. Lilley

Information on the distribution of mortgage interest relief by range of total income is available from projections of the data from the 1986–87

Tax units receiving mortgage interest relief by range of total income 1989–90
Range of total income Number of tax units with mortgage interest relief Average value of relief per mortgagor Cost of relief
Thousands £ £ million
Up to £4,000 470 520 240
£ 4,001 to£ 5,000 170 470 80
£ 5,001 to £ 6,000 170 510 90
£ 6,001 to £ 7,000 270 520 140
£ 7,001 to £ 8,000 410 640 260
£ 8,001 to £ 9,000 430 660 290
£ 9,001 to £10,000 420 670 280
£10,001 to £12,000 860 680 590
£12,001 to £15,000 1,400 680 950
£15,001 to £20,000 1,880 740 1,390
£20,001 to £25,000 1,200 750 900
£25,001 to £30,000 610 890 540
over £30,000 1,010 1,240 1,250
Total 9,300 750 7,000