Understand Deductions

What is deduction for guarantee commission

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What is deduction for guarantee commission?

Understanding deductions
10th of April 2020 | Aske Buemann
The deduction related to guarantee commission is one of the most unknown and overlooked deductions. It is especially relevant in a year such as 2019 in which the interest rates have been historically low and many people have chosen to refinance their mortgage. Up to 100,000 Danes can get several thousand DKK with this deduction.

It is one of the select few deductions for expenses paid to banks and mortgage lenders that is not automatically reported. As such, you will need to figure out what you may be eligible to receive in deductions.

In this article, we will cover:
  • What guarantee commissions are
  • An example of a guarantee commission
  • Why these are not reported automatically
  • Whether you are eligible to receive any deductions

What is a guarantee commission?

A guarantee commission is a type of fee that a bank may charge e.g. in the event of refinancing a mortgage This is due to the fact that while the new loan is being reported to the state, i.e. registered, the bank is providing a guarantee for the loan. This may also occur if you are buying or selling your house.

Some banks take a percentage of the loan amount and, as a result, the fee can quickly run up to a couple of thousand DKK, especially if it takes a while to get the loan registered.

Below, you will find an example of what it may look like in a document from the bank.

Example of a guarantee commission

Guarantee commission fees example

Why is this not reported automatically?

Guarantee commissions are one of the few bank-related deductions that still is not reported automatically. According to Henning Boye Hansen, the chief consultant from the auditing house BDO, this is because the legislation dates back to a time where not many loans were refinanced. As a result, the deduction was not as commonly used as in the previous years where the interest rates have fallen quite significantly.

Some banks remind their customers to report the deduction, but this is quickly forgotten on a busy day.

In other banks, such as Nordea Kredit, the customers often do not pay any guarantee commissions since a so-called fixed rate agreement have been put in place instead.

Check to see if you are eligible for any deductions

For many, the deduction for guarantee commissions is a hidden bonus that they are not aware they may be eligible to receive.

That is why we at Tax Helper have created an easy and intuitive platform that comfortably allows you to check whether you can receive the deduction and make it all the way to the finish line in terms of reporting your deductions to Skat. It is free to try out, and you only pay if you save money on your taxes.
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Forstå Fradrag

Hvad er fradrag for garantiprovision

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Hvad er fradrag for garantiprovision?

Forstå Fradrag
10. april 2020 | Aske Buemann
Fradraget for garantiprovision er et af de mere ukendte og oversete fradrag. Det er særligt relevant i et år som 2019, hvor renterne har været historisk lave, og mange har valgt at omlægge deres realkreditlån. Her kan op mod 100,000 danskere hente op til flere tusinde kroner på dette fradrag.

Det er et af de få fradrag for udgifter til banker og realkreditinstituter, som ikke automatisk bliver indberettet, så du skal selv finde frem til, hvad du kan få i fradrag.

I denne artikel vil vi gå igennem:
  • Hvad garantiprovision er
  • Et eksempel på garantiprovision
  • Hvorfor det ikke rapporteres automatisk
  • Om du selv kan få fradrag

Hvad er garantiprovision?

Garantiprovision er et form for gebyr, som en bank tager f.eks. i forbindelse med en omlægning af et realkreditlån. Det skyldes, at mens det nye lån bliver anmeldt til staten, såkaldt tinglyst, så stiller banken en garanti for lånet. Det kan også opstå, når man køber eller sælger sin bolig.

Nogle banker tager en procent af lånebeløbet, og derfor kan gebyret hurtigt blive et par tusinde kroner, især hvis det tager lang tid at få lånet tinglyst.

Du kan se et eksempel, på hvordan det kunne se ud i et dokument fra banken nedenfor.

Eksempel på garantiprovision

Garantiprovision eksempel

Hvorfor rapporteres det ikke automatisk?

Garantiprovision er et af de få bank-relaterede fradrag, der stadig ikke rapporteres automatisk. Ifølge Henning Boye Hansen, chefkonsulenten fra revisionshuset BDO, så skyldes det, at lovgivningen stammer fra en tid, hvor der ikke blev lavet så mange omlægninger af lån. Derfor var der ikke været samme brug af fradraget tidligere, som i de seneste år, hvor renten er faldet en del.

Nogle banker husker deres kunder på at få indberettet fradraget, men det bliver hurtigt glemt i en travl hverdag.

I andre banker såsom Nordea Kredit betaler kunderne oftest ikke garantiprovision, idet der istedet bliver lavet en såkaldt fastkursaftale

Se om du kan få fradrag

Fradrag for garantiprovision er for mange en skjult bonus, som de ikke er opmærksomme på, at de kan få.

Derfor har vi i Tax Helper lavet en let og intuitiv platform, hvor du nemt kan finde se, om du kan få fradraget og komme hele vejen i mål med at få rapporteret dit fradrag til Skat. Det er gratis at prøve, og du betaler kun, hvis du sparer penge i skat.
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