James McDaid
Question:114 Dr. McDaid asked the Minister for Finance the value of mortgage interest relief in 1994; the projected value of mortgage interest in 1995. [3617/96]
Vol. 461 No. 7
114 Dr. McDaid asked the Minister for Finance the value of mortgage interest relief in 1994; the projected value of mortgage interest in 1995. [3617/96]
I am advised by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief in terms of revenue forgone is estimated at £166 million for the income tax year 1994/95 and at £161 million for 1995/96.