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Are payments related to a study loan deductible in my Dutch income tax return?

Question:
 
I recently relocated to the Netherlands after completing my MBA. I still have loans in the UK for my studies and was wondering is it possible to write some or all of these payments off against my income tax?

Answer:
 
In your Dutch tax return only the actual education costs may be deducted, but not the costs related to a loan which you arranged to pay the education costs.

Repayments of a loan are never deductible. The costs related to a loan are only deductible if the loan was used for the purchase (or renovation) of your main residence or if the loan is arranged by a business for business purposes. The loan falls in the so called Box 3 in which savings and investments are taxed and will there reduce the taxable base. There are special rules for employees with the 30% ruling who can be partially exempted from declaring Box 3 income and as such the loan will not lead to a (extra) benefit in that situation.
 
 
 
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Comments (2)
Comment by Tobias Breme on Sat, Jul 18th, 2015 at 12:38 PM
Hello, I‘m in the same situation. Does this change if you‘re employed in The Netherlands but not under the 30% rule? Thanks
Comment by Arjan Enneman on Sat, Jul 18th, 2015 at 9:56 PM
Hello Tobias. Costs of a study loan are not deductible at all. It doesn‘t make a difference if you are employed or not or have the 30% ruling or not. Only the education costs themselves can be deductible. Not the costs of a loan to pay the education costs.
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