Mortgage Tax Relief

HC Deb 05 June 1990 vol 173 c401W

Mr. Paice

To ask the Chancellor of the Exchequer what he estimates would be the cost to the Treasury of providing tax relief for first-time buyers on their mortgages at double the present rate of relief, at current prices.

Mr. Lilley

I regret that information on mortgage interest relief for first-time buyers is not available.

Mr. Walden

To ask the Chancellor of the Exchequer what was the cost to the Treasury of mortgage tax relief for the years 1987, 1988 and 1989.

Mr. Lilley

Estimates for financial years are as follows:

	Value of Mortgage interest relief
Year	£ million
1987–88	4,900
>11988–89	5,400
11989–90	6,900
1 Provisional.