Posted on 31 July 2023

🏠💰 Selling your primary residence in Luxembourg - Tips and tricks! 🇱🇺💼🔑

Building up your property assets can be a good investment 💼, but what about selling your main residence in Luxembourg? 🏠💰

1️⃣ Principal residence: What are the conditions?

For your home to be considered your principal residence:

You must be occupying it at the time of sale 🏠🏢

Meet one of the following three conditions:

You have lived there since its acquisition or completion

You have lived there for 5 years prior to the sale

You are selling it for imperative family or professional reasons 👪💼

2️⃣ Are capital gains taxed?

Good news: the capital gain realised on the sale of your principal residence is not taxable! 🎉💰

3️⃣ How do you declare the sale?

Simply complete the first page of form 700 📝💼

For personalised support with your tax return, log on to taxx.lu! 🖥️💼

#venteimmo 🏠 #plusvalue 💰 #résidenceprincipale 🏡 #declarationfiscale 📝 #Luxembourg 🇱🇺