Posted on 31 July 2023

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

Discover tax deductions for the year you acquire your property. Maximize your savings with our practical tips and essential information.

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!

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