- Tax break: You can deduct from your tax the interest paid on a home loan granted:
- To purchase land for building:
- if construction starts within two years of the land being purchased, you can deduct all of the debit interest;
- if construction starts more than two years after the land is purchased, you can deduct up to €672 in debit interest per person of your household;
- To purchase a home to be occupied by the owner:
- the amount that you can deduct as debit interest on the loan depends on the persons making up your household and the length of occupation;
- To purchase rental accommodation:
- You can deduct all of the debit interest.