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Mortgage tax relief again centre stage

Wednesday 24 March 2010

A narrow majority of home owners back reform of the tax breaks on mortgage payments, likely to be one of the main issues in the June election campaign, according to a poll of 15,000 people for tv show EenVandaag.

At the moment, home owners in the Netherlands can deduct the interest paid on their mortgages entirely from tax over a 30-year period. Mortgage tax relief on second homes was scrapped several years ago.

The tv poll showed 71% of Christian Democrat voters and 59% of Liberal party voters say the tax break needs reform. One fifth of those polled thought the tax break should be done away with altogether.

The home owners lobby group VEH, however, is worried that the perk is again in the political spotlight, Trouw reports on Wednesday.

The organisation says the timing is 'the worst possible', because the housing market is weak and changes in mortgage law will sow more doubt.

Mortgage holders do have to pay another tax, the huurwaardeforfait, which is based on the value of their homes and is supposed to offset the advantage they have as home owners over tenants.

Should mortgage tax relief be changed? Take part in our poll

© DutchNews.nl


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Readers' comments

For a country like Holland with majority families are most middle-class. When the husband has a full-time job and the wife has no full-time job with 3-4 kids, meanwhile receive financial support from the government, the financial system for the country is rotting. It is time for the government to review the children support subsidiary.

By DL | March 24, 2010 10:23 AM


DL: WHAT country are you living in exactly? I dont know ANY families here that can survive that scenario. ONE full time job with 3-4 kids??!! sorry but that is not an option here if u want to feed ALL of your kids and pay all of your bills on time, i know, i tried with just 2 kids and its near impossible. the financial support from this gov. is minimal. it definitely needs a review and families definitely need more support not less.

By Jennifer | March 25, 2010 10:32 AM


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