A question for home owners who claim a DA-1 refund

The maximal amount you can claim back is:

(US-Dividends - (US-Assets/Total-Assets) * Debt Interest) * Marginal Tax rate

So for someone who has a home worth 1M with a 700k mortgage at 1%, 400k in US-Assets that had a Dividend of 7k and a marginal tax rate of 25%:

(7k - (400k/1400k) * 7k) * 25% = 1.25k

This is higher than the 7k *15% = 1.05k that is withheld, so the full amount is claimable.

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