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Posted on 31 July 2023

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

๐Ÿ ๐Ÿ’ฐ๐Ÿ’ก Tax benefits when you buy your property! ๐Ÿคฉ๐Ÿก
With property prices on the rise, being a homeowner is a priority for many. ๐Ÿ’ผ๐Ÿ  But did you know that from the year of purchase, you can benefit from advantageous deductions? ๐Ÿ’ธ๐Ÿ“
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What are these deductions? How can you take advantage of them? ๐Ÿค”
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โœ… Deductions for interest charges linked to your home loan on your Luxembourg tax return.
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โœ… No cap on debit interest when acquiring a property under construction or renovation until it is occupied, after which the usual cap applies.
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โœ… Deductions for mortgage fees and bank commission, subject to providing supporting documentation. ๐Ÿ“„
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Example: Charlotte buys her principal residence on 01.01.2021 and moves in on 01.05.2021.
She can deduct โ‚ฌ14,833.33 on her Luxembourg tax return, take advantage of tax gains! ๐Ÿ’ช๐Ÿ’ฐ
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๐Ÿ’ก Simplify your calculations with taxx.lu, the system automatically calculates the amounts to deduct on your tax return! ๐Ÿ’ป๐Ÿ“ˆ

ย #AvantagesFiscaux #Immobilier #DรฉductionFiscale #Luxembourg

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