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Households claiming mortgage tax relief

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WQ.458/2023

WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES

BY DEPUTY C.S. ALVES OF ST. HELIER CENTRAL

QUESTION SUBMITTED ON MONDAY 13th NOVEMBER 2023 ANSWER TO BE TABLED ON MONDAY 20th NOVEMBER 2023

Question

“In relation to personal income tax returns, will the Minister state, for the last 3 years –

  1. the number of people claiming mortgage interest tax relief;
  2. the number of people declaring income from renting a room in their home; and
  3. the total income raised by those declaring income from renting a room in their homes?”

Answer

All responses refer to years of assessment 2019-2021. Data for year of assessment 2022 will not be available until 2024.

The total number of taxpayers receiving mortgage interest tax relief (MITR) for their main residence is provided. Taxpayers may either be an individual or a married couple. Relief is only available at the marginal rate.

Year of assessment  Taxpayers receiving MITR

 

 

2019

 

 

9,570

 

2020

 

 

9,800

 

2021

 

 

9,880

 

 

 

 

 

The number of taxpayers declaring income from renting a room in their home and the total taxable income declared by these taxpayers is provided.

Year of assessment  No. of taxpayers  Taxable income (£m)

 

2019

 

 

840

 

 

4.5

 

2020

 

 

690

 

 

3.9

 

2021

 

 

660

 

 

4.2

 

 

 

 

 

 

 

 

Counts of taxpayers are rounded to the nearest 10. The taxable income is rounded to the nearest £0.1m.