Which mortgage costs are tax deductible?

You own a home or are planning to purchase one. Then it is useful to know what you can deduct from your taxes and what you cannot, so that you get a better overview of the costs this entails. Just because you can deduct your mortgage interest on your first home from your income tax, your net mortgage costs are a lot lower. There are even more costs and interest that you can deduct from your taxes. Your first home falls in box 1, together with your salary. You can deduct all kinds of costs from income tax for your first home. This does not apply to any second home, which falls in box 3. A distinction must be made between costs incurred and interest on loans for the owner-occupied home. In some cases you can deduct both the costs and the interest from your taxes.

Tax partnership and own home

The tax authorities automatically regard married people and registered partners as tax partners. As cohabitants, you can also choose to register as tax partners. This allows you to choose who declares which deductions for their own home for tax purposes. For example, if a person earns little or no income, it may be advantageous to declare everything with the highest earner, otherwise little can be deducted from the tax. You will therefore have to declare the notional rental value in the same proportion. The exact amount you have left in deductions depends on the tax bracket you fall into.

Costs of own home

You can deduct a number of costs related to the purchase or renovation of your house (one-off) from the income tax in box 1. Below is an overview of which costs are and are not deductible.

Costs deductible

Costs not deductible

  • Periodic lease payment
  • Construction interest
  • NHG application costs
  • Valuation costs associated with financing
  • Commitment fee
  • Closing fee
  • Fine interest
  • WIA supplementary insurance
  • Notary costs for mortgage deed
  • Purchase price
  • Acquisition costs of movable property
  • Transfer tax
  • Bank guarantee costs
  • Renovation costs
  • Leasehold purchase price
  • Financing compensation to builder
  • Brokerage fees
  • Notary fees for title deed

Mortgage interest deduction

If not co-financed in a (mortgage) loan, the debt falls into box 3 and the interest is not deductible! Max. Mortgage interest deduction term is tax deductible for a maximum of 30 years.

Interest deductible

Interest not deductible

  • Purchase price
  • Transfer tax
  • Renovation costs
  • Leasehold purchase price
  • Financing compensation to builder
  • Brokerage fees
  • Valuation costs associated with financing
  • Commitment fee
  • Closing fee
  • NHG application costs
  • Notary fees for title deed
  • Notary costs for mortgage deed
  • Acquisition costs of movable property
  • Periodic lease payment
  • Construction interest
  • Fine interest
  • Bank guarantee costs
  • WIA supplementary insurance

If you have co-financed the costs in the first column in your mortgage, the interest on them is deductible, if not, the interest on them is not deductible and the debt falls into box 3. In addition, you should note that the interest is for a maximum of 30 years may be deducted. In the case of an additional loan scheme or capital insurance for your own home, the interest deduction may be limited.

Interest is not deductible when refinancing a mortgage

If you co-finance costs for refinancing your mortgage, the interest on a number of costs is not tax deductible:

Interest is not deductible when refinancing

  • Notary costs for mortgage deed
  • Valuation costs related to financing
  • Closing fee
  • NHG costs

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  • Construction inspection