Reference Entry

mortgage interest relief at source

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
mortgage interest relief at source

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A UK tax allowance by which payers of mortgage interest were allowed to claim part or all of this as a deduction in calculating their taxable income. The relief was given through the lending institutions, so that the borrower paid interest net of tax relief to the lender. The tax allowance was withdrawn in ...

Reference Entry.  64 words. 

Subjects: Economics

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