Can a self-employed person get a tax deduction on a mortgage?

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In order to receive a tax deduction on a mortgage, you must pay personal income tax (PIT), i.e. 13%. However, the status of self-employed does not provide for the payment of PIT. According to the law, the self-employed are required to pay only the tax on professional income (PIT). Therefore, the self-employed cannot apply for a tax deduction.

If a self-employed person has additional sources of income subject to personal income tax, he can request a tax deduction. For example, if the borrower is simultaneously self-employed and officially usa whatsapp number data registered with a company and his employer pays 13% personal income tax for him monthly.



Can a self-employed person be a co-borrower on a mortgage?
A self-employed person can become a co-borrower on a mortgage for a spouse, relative or friend. The conditions that must be met for this: confirm income and demonstrate a positive credit history. It is important that the selected bank takes into account the specifics of the self-employed person's income and accepts it as a sufficient basis for providing a loan.



Results
Self-employed people, like other categories of employed citizens, have the right to apply to a bank for credit funds to purchase housing. Whether self-employed people can get a mortgage depends on many factors: income level and compliance with the conditions of specific banks.

Problems with obtaining a mortgage loan for the self-employed may arise due to instability and variability of income.

One way to prove that you are a reliable client is to apply for a mortgage at a bank whose services you have been using for a long time. Another surefire way is to get a credit card at the bank where you plan to take out a mortgage and actively use it, paying off all debts on time. This way, you will show the bank that you are responsible and serious.