Mortgages: Tax Allowances
Commons · Question 58868 · Tabled 10 Jun 2025 · Treasury · Official record
Answered 18 Jun 2025
Question
Asked by Gregory Stafford
To ask the Chancellor of the Exchequer, if she will make an assessment of the effectiveness of historical mortgage tax relief schemes in supporting access to home ownership.
Answer
Answered by Emma Reynolds, 18 Jun 2025
The Government must ensure the tax system supports strong public finances whilst targeting support where it is most needed. Mortgage interest relief, which was a historical feature of the UK tax system that was abolished in 2000, benefitted lower income i...