Mortgages: Interest Rates

(asked on 10th October 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reintroducing mortgage interest relief at source.


Answered by
Richard Fuller Portrait
Richard Fuller
This question was answered on 18th October 2022

There are a wide range of factors to take into consideration when introducing a relief. Landlords are already able to claim tax relief on finance costs for their rental property. For unincorporated landlords, this can be claimed at the basic rate of Income Tax.

While the Government has no current plans to reintroduce Mortgage Relief at Source, as with all aspects of the tax system, the Government keeps tax reliefs under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.

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