hypotheekrenteaftrek
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Dutch[edit]
Etymology[edit]
Compound of hypotheekrente (“mortgage interest”) + aftrek (“deduction”).
Pronunciation[edit]
Noun[edit]
hypotheekrenteaftrek m (uncountable)
- (Netherlands, taxation) mortgage interest deduction, deduction of taxable income based on mortgage rate (subsidy to encourage homeownership)
- De hypotheekrenteaftrek is een fiscale regeling die huiseigenaren in Nederland in staat stelt om de rente die zij betalen over hun hypotheek af te trekken van hun belastbaar inkomen.
- The mortgage interest deduction is a tax arrangement that allows homeowners in the Netherlands to deduct the interest they pay on their mortgage from their taxable income.