This 30‑year period started on 1 January 2001. Did you already have a mortgage on 31 December 2000? In that case, the years before that do not count, and the 30-year period starts on 1 January 2001. As a result, in 2031 many Dutch homeowners will lose the right to mortgage interest deduction - and this may also apply to you. If you have not repaid during the mortgage term, and you also do not repay at the end of that term, your net housing costs will increase significantly.
"}},{"componentType":"sectionTitle","title":"How does it work?"},{"componentType":"paragraph","richBody":{"value":"Interest is deductible if the mortgage has been used to finance the owner-occupied home. You can deduct the mortgage interest you have paid from your income in Box 1. Keep in mind that the government is gradually lowering the maximum rate at which mortgage interest can be deducted, decreasing by 3% each year. For example, in 2021 the maximum deduction rate is 43%, and in 2023 the basic rate of 37.05% is reached. This measure only affects taxpayers who deduct mortgage interest and whose income falls into the third tax bracket. In 2021, this applies to incomes from €68,507.
"}},{"componentType":"sectionTitle","title":"Start date after 2001"},{"componentType":"paragraph","richBody":{"value":"Did you take out a mortgage for your owner-occupied home for the first time after 2001, or increase an existing mortgage for a renovation, for example? Then, generally, a 30‑year period applies from that moment during which you are entitled to mortgage interest deduction. If you, for example, borrowed extra in 2006 for a new kitchen, the interest on that additional amount will remain deductible until 2036 at the latest.
"}},{"componentType":"sectionTitle","title":"Costs after the 30‑year period"},{"componentType":"paragraph","richBody":{"value":"When the 30‑year period ends, the mortgage debt no longer falls under Box 1 of the income tax system, but under Box 3. As a result, the mortgage interest you pay can no longer be deducted from your income from employment and home. This can mean that you will no longer receive any refund from the Tax Authorities.
"}},{"componentType":"sectionTitle","title":"30‑year period is not the same as mortgage term"},{"componentType":"paragraph","richBody":{"value":"The 30-year period is a tax regulation set by the government. It is separate from the mortgage term you agreed upon with your bank.
"}},{"componentType":"sectionTitle","title":"Talk to an adviser"},{"componentType":"paragraph","richBody":{"value":"The end of the 30-year period may still feel far away, just like the end date of your mortgage. But it doesn’t hurt to start thinking now about what will happen to your mortgage. Higher net housing costs at the end of the 30-year period can often still be prevented. Speak with an adviser and avoid higher future housing costs. Being financially fit also means looking ahead and making the most of your financial opportunities.
"}},{"componentType":"linkList","iconTitle":{"title":"More information"},"textLinks":[{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculate your maximum mortgage"},{"url":"/en/personal/mortgage/contact","text":"Make an appointment"}]},{"componentType":"linkList","iconTitle":{"title":"Mortgages"},"textLinks":[{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculate your maximum mortgage"},{"url":"/en/personal/mortgage/current-mortgage-rates","text":"Current mortgage rates"},{"url":"/en/personal/mortgage/mortgage-refinancing","text":"Refinancing your mortgage"},{"text":"Buying your first home"},{"url":"/en/personal/mortgage/buying-a-house/buying-another-house/maximum-mortgage-calculation","text":"Buying your next home"},{"url":"/en/personal/mortgage/your-mortgage","text":"Your ING mortgage"},{"url":"/en/personal/mortgage/mortgage-types","text":"Mortgage types"},{"url":"/en/personal/mortgage/sustainable-living","text":"Sustainable living"},{"url":"/en/personal/mortgage/mortgage-advice","text":"Mortgage advice"},{"url":"/en/personal/mortgage/advisory-fees","text":"Costs"},{"url":"/en/personal/mortgage/situation","text":"Situation"},{"url":"/en/personal/mortgage/property-services","text":"Property services"},{"url":"/en/personal/mortgage/contact","text":"Contact"}]}]}}}