capital insurance at removal
You will move soon. On the old house a mortgage with
a coupled capital insurance rests (box 1), of which you are obliged
relay the rest of the mortgage at the end of the duration. Now
you have two possibilities at the removal: you can have passed
through the insurance let pass through or stop the insurance leave
generally most advantageous. The policy falls then in box 3.
annually pays you (above the exemption) 1.2% output taxes concerning
the value of the policy. You buy within three years a new house
then can you the policy again couple to your house (in box 1). you
must then no more pay tax in box 3.Aan stopping (to purchase) the
insurance relatively high costs have been linked. Moreover are
you obliges invest the turnover of the insurance in the new house.
Differently the mortgage interest concerning the part is which
you did not have in fact need lend, not deductible the Tax and Customs
Administration expects, as it happens, that you the turnover of the
box 1 invests policy in the new house. Differently the mortgage
interest concerning the part is which you did not have in fact need do
not lend, deductible.
Source "capital insurance at removal": General
Head index page of "capital insurance at removal"
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