Asked by: David Hanson (Labour - Delyn)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many people with post codes in Wales paid inheritance tax in each year since 2010.
Answered by David Gauke
This information is published as Official Statistics together with the Inheritance Tax National Statistics at https://www.gov.uk/government/collections/inheritance-tax-statistics.
Asked by: David Hanson (Labour - Delyn)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much tax relief was provided for mortgage interest payments by buy-to-let residential property investors at the (a) basic income tax marginal rate, (b) higher income tax marginal rate and (c) additional income tax marginal rate in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13.
Answered by David Gauke
The information is not available. HMRC's administrative systems do not separately identify mortgage interest payments against residential property from other financial costs incurred across all types of property businesses (both residential and non-residential). Moreover property income is grouped with other income in the calculation of tax liabilities, and consequently the amounts of specific deductions effective against each rate of tax is not precisely defined.
Asked by: David Hanson (Labour - Delyn)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much of each type of tax relief was provided to buy-to-let residential property investors at the (a) basic income tax marginal rate, (b) higher income tax marginal rate and (c) additional income tax marginal rate in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13.
Answered by David Gauke
The information is not available. HMRC's administrative systems do not distinguish between residential and non-residential property businesses nor the nature of rental property businesses such as buy-to-let investors. Moreover property income is grouped with other income in the calculation of tax liabilities, and consequently the amounts of specific deductions effective against each rate of tax is not precisely defined.
Asked by: David Hanson (Labour - Delyn)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much tax relief was provided to buy-to-let residential property investors at the (a) basic income tax marginal rate, (b) higher income tax marginal rate and (c) additional income tax marginal rate in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13.
Answered by David Gauke
The information is not available. HMRC's administrative systems do not distinguish between residential and non-residential property businesses nor the nature of rental property businesses such as buy-to-let investors. Moreover property income is grouped with other income in the calculation of tax liabilities, and consequently the amounts of specific deductions effective against each rate of tax is not precisely defined.