Posted on 31 July 2023

Tax Deductions for the Year of Property Acquisition: What You Need to Know!

πŸ πŸ’°πŸ’‘ Tax benefits when you buy your property! 🀩🏑
With property prices on the rise, being a homeowner is a priority for many. πŸ’ΌπŸ  But did you know that from the year of purchase, you can benefit from advantageous deductions? πŸ’ΈπŸ“
What are these deductions? How can you take advantage of them? πŸ€”
βœ… Deductions for interest charges linked to your home loan on your Luxembourg tax return.
βœ… No cap on debit interest when acquiring a property under construction or renovation until it is occupied, after which the usual cap applies.
βœ… Deductions for mortgage fees and bank commission, subject to providing supporting documentation. πŸ“„
Example: Charlotte buys her principal residence on 01.01.2021 and moves in on 01.05.2021.
She can deduct €14,833.33 on her Luxembourg tax return, take advantage of tax gains! πŸ’ͺπŸ’°
πŸ’‘ Simplify your calculations with, the system automatically calculates the amounts to deduct on your tax return! πŸ’»πŸ“ˆ

Β #AvantagesFiscaux #Immobilier #DΓ©ductionFiscale #Luxembourg


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