MPs' mortgage payments and equity
IPSA holds some of the information that you request.
MPs are no longer able to claim the mortgage interest on their second homes. This practice was abolished after IPSA was set up in 2010. To allow for a transitional period, MPs who were re-elected in 2010 were allowed to continue claiming the cost of mortgage interest payments for a defined period, in order to give them time to make alternative arrangements. Where the value of the property rose during this period, the MP paid us a sum to cover the taxpayer’s share of that increase.
Information on these arrangements, which expired in August 2012, can be found on our publication website. The data includes information on the repayment of any capital gain, as well as the names of Members who took part in the arrangements, the amount claimed, the capital gain calculated as due to be repaid to IPSA and the name of the surveyors.
This concludes our response to your request.
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- April 30, 2019
- MPs' ACCOMMODATIONMORTGAGE INTEREST
- Exemptions Applied: