Posted on 31 July 2023
π π° Selling your primary residence in Luxembourg - Tips and tricks! π±πΊπΌπ
Building up your property assets can be a good investment πΌ, but what about selling your main residence in Luxembourg? π π°
1οΈβ£ Principal residence: What are the conditions?
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For your home to be considered your principal residence:
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You must be occupying it at the time of sale π π’
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 πͺπΌ
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2οΈβ£ Are capital gains taxed?
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Good news: the capital gain realised on the sale of your principal residence is not taxable! ππ°
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3οΈβ£ How do you declare the sale?
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Simply complete the first page of form 700 ππΌ
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For personalised support with your tax return, log on to taxx.lu! π₯οΈπΌ
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#venteimmo π #plusvalue π° #rΓ©sidenceprincipale π‘ #declarationfiscale π #Luxembourg π±πΊ