Posted on 31 July 2023
Declare your rental income in Luxembourg! Here's How to Do It Easily !
ย How do you declare your rental income in Luxembourg? ๐ ๐ฐ๐
If you own a property rented out in Luxembourg, you must declare your rental income as it is not subject to withholding tax. ๐ผ๐ต
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Maintenance and repair costs, interest charges, management fees and property tax are deductible from rental income. ๐ง๐ ๐งพ
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In addition, Luxembourg allows you to depreciate the rental property, taking into account the cost of construction, deed fees, transfer tax and capital expenditure. ๐๏ธ๐ข
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Prior to 2021, the rate of depreciation varied depending on the year of completion of the property, but now it is 4% for less than 5 years and 2% for 5 years or more, with special capped depreciation. ๐๐ฐ
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If you rent your property as part of a social rental management scheme, you can benefit from a 50% tax exemption on rental income. ๐๏ธ๐
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To declare your rental income, complete form 190 ๐
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Make life easier for yourself by using taxx.lu for an easy-to-understand form that will do all the calculations for you! ๐ป๐ย
#RevenusLocatifs #DรฉclarationFiscale #Luxembourg
#RevenusLocatifs #DรฉclarationFiscale #Luxembourg
