Restriction is possible mortgage interest calculation without large impact
Spent: 11 March 2005,10:26
UTRECHT - the mortgage interest calculation can be limited considerably
without large consequences on the house prices in the longer term. In
the bookletbooklet profession booklet ESB outlines Friday to two economen an alternative
where there is only calculation against the tariff of the first
tax bracket.
As a result of this measure the house prices in 2012,
more than 6 per cent under the level then expected lie. As from 2015
the huizenprijs right would incur with the expected prices without
that the government intervenes.
The advantage of the restriction of the interest calculation is according to
economen Boelhouwer and freeze that all income groups there
as much of profits.
The discussion around the deductibility of the mortgage interest puts
regularly the head. The Netherlands is in Europe the only country where
a complete deductibility is ordered and many fear that it
system financially intolerable will become. In spite of pleadings of
among others opposition parties and banks, the cabinet says fixed at
want keep to the fiscally attractive deduction.
The economen have also examined the impact of complete
abolition of the mortgage interest calculation. These variant, where in
politically no proponents for to be, would unpack dramatically for
the house market. In the short term is possible the house prices the fall of
run up to 30 per cent. In the longer term the impact less is
large.
Boelhouwer and freeze indicate that also the time of
measures are important the impact expected for on
house market. In periods of strong price increases is possible
restriction of the interest calculation without many problems becomes
carried out.
They regret it that it is not intervened there in
period the 1996-2001 then house prices considerably lanes. With
average increase of 3 per cent forms the coming years much
less attractive setting for to strong tax
scheme modification to proceed, thus the economen.
(c) DUTCH PRESS AGENCY
Source "restriction is possible mortgage interest calculation without large impact": now.Netherlands
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