Cabinet has ‘serious’ plans to reduce mortgage tax break: Elsevier

The minority VVD-CDA cabinet is thinking seriously about reducing the tax break on mortgage interest payments, news magazine Elsevier says in its latest issue.


The magazine bases its claims on sources close to the cabinet. This week’s issue of Elsevier focuses on various different scenarios for changing the mortgage tax relief system.
At the moment home owners can deduct all their interest payments from tax for 30 years. One option under consideration is stopping tax relief on interest-only mortgages.
A number of prominent politicians from both cabinet parties have called for change in recent weeks. Officially, the cabinet is committed to leaving the system untouched.
However, Geert Wilders, leader of the anti-Islam PVV, which keeps the minority cabinet in power, used the microblogging service Twitter to state his opposition to any change.
‘Are the VVD and CDA really thinking about reducing mortgage tax relief?… Unacceptable, then new elections,’ Wilders said.

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