§ Mr. AllenTo ask the Chancellor of the Exchequer, further to his reply of 6 March,Official Report, column 595, if he will now make provision for writing down against tax liabilities the increases in mortgage debts of individuals which were incurred because of the rise in interest rates.
§ Mr. LilleyIncreases in mortgate interest payable as a result of changes in interest rates qualify for mortgage interest relief in accordance with the normal rules. Relief is allowed for the actual interest paid on qualifying loans up to the statutory limit.