§ Mr. DafisTo ask the Chancellor of the Exchequer if he will list his estimates by range of income for(a) 1992–93 and (b) 1993–94 of the number of tax units receiving mortgage interest tax relief, the average value per mortgagor and the total cost of the relief.
§ Mr. DorrellThe estimates are shown in the tables. The figures for 1993–94 are based on the conventional assumption of no further changes in interest rates.
Mortgage interest relief by range of total income1 Range of total income1 (lower limit) Number of single people or married couples bene-fiting from mortgage interest relief Average mortgage interest relief Cost of mortgage interest relief £ thousands £ £ million 1992–93 0 840 410 340 5,000 1,130 460 520 10,000 2,670 510 1,360 15,000 2,400 560 1,340 20,000 1,050 570 600 25,000 510 590 300 30,000 610 610 370 40,000 590 630 370 Total 9,800 530 5,200 1993–94 0 840 370 310 5,000 1,120 380 420 10,000 2,540 410 1,050 15,000 2,330 450 1,050 20,000 1,220 460 560 25,000 570 460 260 30,000 640 500 320 40,000 640 510 330 Total 9,900 430 4,300 1 Total income of husband for married couples.