§ Mrs. Renée Short
asked the Chancellor of the Exchequer what is the value of mortgage tax relief to owner-occupiers at the latest convenient date; and what are the comparable figures for the same date in 1978, 1979 and 1980.
§ Mr. Peter Rees
[pursuant to his reply, 9 July 1981]: The information is available only for financial years. Estimates are as follows:
Value of mortgage tax relief to all owner occupiers £ million 1978–79 1,110 1979–80 1,450 1980–81 1,960 1981–82 1,830
The estimate for 1981–82 is made on the basis of an interest rate of 13 per cent. throughout the year.