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At first, it is owners of expensive villas here in Copenhagen’s Nordvest district who will be hit by the cap on the mortgage interest deduction. Foto: Jens Dresling

A cap on mortgage interest deductions will hit Denmark’s wealthiest. But over time, many homeowners could be affected.

New calculation: Even more homeowners will be hit by the cap on mortgage interest deductions

At first, it is owners of expensive villas here in Copenhagen’s Nordvest district who will be hit by the cap on the mortgage interest deduction. Foto: Jens Dresling

On Friday, October 9, the government unveiled its first budget, which includes a new cap on the interest deduction.At first, the cap will overwhelmingly affect only Denmark’s very highest earners.

But look a little further ahead, and the cap on the interest deduction could hit many more Danes.

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