📉 Category 3
Deductible Debts
Not all debts are bad! In Box 3, certain debts can lower your taxable wealth base, reducing the tax you pay.
What is Deductible?
- Mortgage (Second Home): Debts related to property that is not your main residence.
- Student Loans: Outstanding DUO study debts.
- Consumer Loans: Personal loans, credit card debt, and negative bank balances.
- NOT: Your main home mortgage (Box 1) or business debts.
The Threshold Rule
You cannot deduct the first chunk of your debts. This is called the schuldendrempel (debt threshold). You only deduct amounts above this threshold.
Example:
If you have €10,000 debt in 2025 and the threshold is €3,800, you can only deduct €6,200 from your assets.
Thresholds:
- 2025: €3,800 (Double for partners)
- 2024: €3,700
- 2023: €3,400