asked the Minister for Finance in respect of each year since 1981, the number of claims made for relief under section 23 of the Finance Act, 1981 and section 27 of the Finance Act, 1988, together with an estimate in each year of the total claimed; the average claim; and the tax foregone.
Written Answers. - Tax Relief Claim.
76.
The relevant statistics available are in respect of the tax relief under both sections 23 and 24 of the Finance Act, 1981 which allowed for the set-off of the cost of providing certain rented residential accommodation against rental income. Following is the information requested in so far as it is available.
|
Year |
Number of claims allowed in year |
Estimated qualifying expenditure allowed in year |
Estimated cost to the Exchequer |
|
|
Total |
Average |
|||
|
£m |
£m |
£m |
||
|
1981-82 |
— |
— |
— |
— |
|
1982-83 |
103 |
0.7 |
6,796 |
0.3 |
|
1983-84 |
306 |
2.1 |
6,863 |
1.0 |
|
1984-85 |
460 |
3.4 |
7,391 |
1.7 |
|
1985-86 |
465 |
3.8 |
8,172 |
1.9 |
|
1986-87 |
598 |
6.0 |
10,033 |
3.0 |
|
1987-88 |
571 |
6.0 |
10,508 |
2.9 |
Statistics are not yet available in relation to the tax relief provided for under the section 27 of the Finance Act, 1988.
Note: The figure shown for qualifying expenditure allowed in each year is confined to the amount for which tax relief was actually given in the year. In most cases the full tax relief in respect of total qualifying expenditure is absorbed by way of instalments spread over a number of years. As regards number of claims, the total number of claims shown for each year in the 2nd column of the table includes some claims already recorded for the preceeding year of years. For example, the figure of 598 for the year 1986-87 includes some claims already recorded for each of the years 1982-83 to 1985-86.