PO could close up mortgage tax breaks

The party was promising to scrap the tax breaks if it took power. It's coalition partner, Law and Justice (PiS), has no clear standpoint on the issue.

However, homeowners can still take advantage of the reliefs if they manage to beat the clock. Both parties want to introduce significant changes to the tax bill, but any changes will probably not take place for some time. The current mortgage relief has no time limit, so if a person applies and gets the relief now, they will benefit from it as long as they are repaying their home loan, regardless of changes to real-estate law.

For new home owners, in order to take advantage of the tax relief, they need to apply for the home loan by the end of the year. The mortgage relief works only on the primary market and covers interest on a home loan up to zł.189,000. Furthermore, the relief can only be used after the investment is completed.