Posted on 31 July 2023

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

🏠💰💡 Tax benefits when you buy your property! 🤩🏡

With property prices on the rise, being a homeowner is a priority for many. 💼🏠 But did you know that from the year of purchase, you can benefit from advantageous deductions? 💸📝

What are these deductions? How can you take advantage of them? 🤔

✅ Deductions for interest charges linked to your home loan on your Luxembourg tax return.

✅ No cap on debit interest when acquiring a property under construction or renovation until it is occupied, after which the usual cap applies.

✅ Deductions for mortgage fees and bank commission, subject to providing supporting documentation. 📄

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! 💪💰

💡 Simplify your calculations with taxx.lu, the system automatically calculates the amounts to deduct on your tax return! 💻📈

#AvantagesFiscaux #Immobilier #DéductionFiscale #Luxembourg