§ Miss HoeyTo ask the Chancellor of the Exchequer if he will estimate the cost of tax relief provided to the proposed housing investment trusts in the first full year; and how many properties he anticipates will be made available for rent under the scheme in a full year. [14258]
§ Mr. JackWe estimate the cost of tax relief in the first full year to be negligible. We have made no estimate of the number of properties that will be made available for rent through housing investment trusts. That will depend on how promoters and prospective investors respond to the new opportunity.