§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer if he will update his answer of 6 April 1987,Official Report, columns 70–72, showing the estimated amount of mortgage interest relief due to taxpayers with an income in excess of £20,000 a year, to give the figures for 1991–92; and if he will give separate particulars for those with income between £50,000 and £100,000 and in excess of £100,000.
§ Mr. MaudeEquivalent available information taking account of independent taxation is given in the table. The estimates are based on a projection from the 1989–90 survey of personal incomes and are therefore provisional.
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Single people Married couples1 One taxpayer Both taxpayers Range of total income lower limit (£pa) Number (000s) Average amount of investment income2 Average amount of mortgage interest relief2 3 Number (000s) Average amount of investment income2 Average amount of mortgage interest relief2 3 Number(000s) Average amount of investment income2 Average amount of mortgage interest relief3 40,000 60 7,700 750 110 3,700 660 170 4,400 710 50,000 90 22,000 750 160 11,600 700 360 17,000 700 1 With at least one partner liable at the higher rate. Married couples are analysed by joint income range. 2 Average based on those having investment income or mortgage interest relief as appropriate. 3 Average reduction in tax liability by virtue of the relief.