When you borrow a deposit with us at the bank, you can get money back on the tax. Information about this, and about how much you get back on the tax, can be found under the Prices / Interest tab. But we are not alone in this, but it is something that you as a borrower can get from all fast lenders – which according to new figures gives the Swedes interest deductions for USD 100 million in 2015.
Interest deductions for USD 100 million every year
Recently, figures from the Financial Supervisory Authority were presented that show that Swedes can make interest deductions for USD 100 million every year after taking a quick loan. However, one thing to add is that the total figure for interest deductions amounts to almost USD 30 billion per year, and of these deductions, therefore, only 100 million come from this industry. So, in addition to, for example, mortgages and other loans, you have also taken a quick loan during 2015, you should not forget to make interest deductions for this loan also in your declaration for the year.
Who is allowed to make an interest deduction in their tax return?
In order to be eligible to make interest deductions for loans in their tax return, as a borrower, you must have an income from either work or other capital and therefore also pay tax. On the other hand, if you do not have work and income, it is more difficult to make interest deductions, and that is something to remember. During the past year, for example, some fast-loan companies in the industry have used this as an argument in their marketing to attract people to loans with them. This is something that the Consumer Agency has been critical in that the interest deduction can only be made if certain criteria are met. If you want to take out a loan with us at the bank, you should remember that you must have an income if you later want to use the interest deduction in your declaration.