We recently bought a house and we will be looking to do the application for the refund of 1% of the outstanding mortgage value. We received the outstanding balance statement from our bank already.
In addition to this refund, we also annually submit receipts for life insurance etc..
My company has just announced they accept applications for the year-end tax adjustment/refund. Though, from my company's HR they told me for the housing loan refund I need to apply to the tax office by myself for the first year, they can only accept the forms from the 2nd year on (which I will get from the tax office).
I will contact the tax office to get more information for sure, but I am also looking to hear your experiences if anyone has done that recently or knows more:
- How does the process look like for the housing loan refund?
- Do I need any other document, besides the mortgage balance statement? We did register our house when we moved in as a newly-built house.
- Can I do this application at the end of the year, basically now, or do I need to wait until February/March?
- Is there any issue if I do the year-end tax adjustment in my company now, for the insurances, dependents, etc..., and then also submit the tax forms to the tax office (only for the housing loan), or will the former make submission of the latter impossible?
