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WQ.307/2025
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY I. GARDINER OF ST. HELIER NORTH
QUESTION SUBMITTED ON MONDAY 30th JUNE 2025
ANSWER TO BE TABLED ON MONDAY 7th JULY 2025
Question
"Will the Minister provide a breakdown of mortgage tax relief applied for each year from 2021 to date, broken down by income bands of claimants, number of claims, average amount of claim, and total value of claims?"
Answer
The attached spreadsheet provides the requested breakdown of mortgage tax relief claims for the years of assessment 2021 to 2023. Estimated figures for the 2024 year of assessment are also included, based on 2023 filings but adjusted to reflect the lower cap, as the filing deadline has not yet passed. Data is only provided for those with a positive tax liability in the year of assessment.
Mortgage interest tax relief is only available at the marginal tax rate and is therefore not accessible to those on the highest incomes.
The maximum mortgage interest relief caps for each relevant year are as follows:
Year | Cap (£) |
2021 | 7,500 |
2022 | 6,000 |
2023 | 4,500 |
2024 | 3,000 |
2025 | 1,500 |
