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