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

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?

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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