On what principle does the tax break on mortgage interest function?
A mortgage loan is a loan that you will allocate for paying for the house or apartment you are purchasing. You can deduct the interest you have to pay on your mortgage loan from your income tax. Every year, you will receive a rebate in a specific amount from the Tax Authority. This does not occur automatically. We will fill out the required forms for you, so that the Tax Authority transfers the amount of the tax break to your account every month. If you become the owner of a property, you are obligated to file a tax statement every year. You can receive the money on a monthly or annual basis. In the case of monthly rebates, it is important to report all significant changes continuously to your financial consultant, so that you can avoid a surcharge to the Tax Authority! What constitutes an important change? Contact us!