Legislation and regulations regarding the financing of the own home has considerably changed since 2013. This means that the loan you take out with your own company must meet several requirements. As of 1 January 2013, it is mandatory, among other things, to repay loans for the own home on at least an annuity basis, unless you are subject to the transitional law.
With regard to the own home, there are several aspects:
- Determining the capped amount to be borrowed, so the loan will qualify as a home loan, the so-called maximum owner-occupied home debt.
- Determining the applicable legislation and regulations for determining the maximum maturity of your loan and the maximum owner-occupied home debt in case of refinancing the loan
- Determining the applicable legislation and tax consequences of the various types of loans (loan under the transitional law, loan under the new law, bridge loan) when purchasing a new home
- Determining the commercial interest on the basis of maturity, established securities and financial circumstances of the debtor
Mazars can assist you with:
Mazars’ specialists will be happy to help you draw up a loan agreement, taking into account the applicable legislation and regulations. We can also provide your income tax return and help you apply the correct regulations regarding the own home.