Czech mortgage glossary
Mortgage interest tax deduction
Interest paid on a mortgage for one's own housing can be deducted from the tax base. The annual limit is CZK 150,000 per household (for mortgages signed after 1 January 2021). The bank issues an annual statement of interest paid, attached to the tax return or given to the payroll department. The deduction does not apply to non-purpose (American) mortgages.
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