19:17 21 January 2025
Some Swiss franc borrowers will have to pay back housing tax relief
According to Dziennik Gazeta Prawna, the annulment of a foreign currency loan by a court means the contract is treated as if it never existed. Consequently, borrowers (“frankowicze”) who benefited from a housing tax relief when repaying such loans may be required to repay PIT (personal income tax) plus interest retroactively for several years. The Polish tax authority argues that repaying an annulled loan cannot be considered a "housing purpose" eligible for tax relief.
Borrowers who sold properties before 2018 are safe due to the statute of limitations. Others may either redirect funds from a property sale to alternative housing investments or challenge the tax authority in court. Experts believe borrowers have a reasonable chance of succeeding in legal disputes.
