The current tax break on mortgages, which allows home owners to deduct all their mortgage interest payments from tax, remains untouched in the Christian Democrats’ election manifesto, the Telegraaf reports on Monday.

The tax break is said to cost the treasury some €11bn a year and is one of the most generous in Europe.
The CDA is now the third party to state the tax break is not under threat – the VVD Liberals and Geert Wilders’ PVV said earlier their election manifestos will leave mortgage tax relief intact.
Cuts
The other Liberal party D66, the left-wing greens Groenlinks and Socialist Party have all called for cuts in the tax break. Labour, currently the biggest party in the polls, has yet to publish its stance.
Meanwhile, a poll by TNS Nipo in the Volkskrant shows 63% of the population would accept limits to the system – including a majority of CDA, VVD and PVV voters.
While eight out of 10 people said the tax break should remain on mortages up to €250,000, a large majority favour an end to tax relief on mortgages above €500,000.
‘Voters no longer consider limits to mortgage tax relief taboo, given the round of spending cuts due to take place,’ said researcher Tim de Beer.
According to the CPB macro-economic planning insitute, the next government will have to make structural cuts of at least €29bn to get spending under control.

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