Which costs are deductible if you buy a home?

When buying a home, you incur a lot of costs: the broker, obtaining the mortgage, the notary, the land registry, etc. But which costs are precisely tax deductible? Below you will find a clear overview of the costs that can and cannot be deducted when purchasing a home:

Costs Deductible or not:

Closing commission Deductible  
Preparation commission (if the mortgage offer is extended) Deductible  
Construction interest up to the date of conclusion of the purchase contract Not deductible  
Construction interest after the date of the conclusion of the purchase and construction contract   Deductible  
Building inspection Not deductible  
Building inspection if for National Mortgage Guarantee Deductible  

  Costs for National Mortgage Guarantee (NHG)
Deductible  
Notary fees – title deed and registration land registry Not deductible  
Notary fees – mortgage deed and registration thereof at the Land Registry Deductible  
Delivery inspection Not deductible
Transfer tax Not deductible  
The costs of your buying agent Not deductible  
The advice and brokerage costs of your mortgage Deductible  
Lump sum payment (if co-financed) Deductible  
Transfer of movable property Not deductible  
Appraisal costs for obtaining financing and/or NHG Deductible  
Home construction account for renovation costs Deductible

If you are going to sell your property, look here to see which costs are deductible.

Leave a Reply

Your email address will not be published. Required fields are marked *