Posted on 31 July 2023
Tax Deductions for the Year of Property Acquisition: What You Need to Know!
π π°π‘ Tax benefits when you buy your property! π€©π‘
With property prices on the rise, being a homeowner is a priority for many. πΌπ But did you know that from the year of purchase, you can benefit from advantageous deductions? πΈπ
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What are these deductions? How can you take advantage of them? π€
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Deductions for interest charges linked to your home loan on your Luxembourg tax return.
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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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Deductions for mortgage fees and bank commission, subject to providing supporting documentation. π
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Example: Charlotte buys her principal residence on 01.01.2021 and moves in on 01.05.2021.
She can deduct β¬14,833.33 on her Luxembourg tax return, take advantage of tax gains! πͺπ°
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π‘ Simplify your calculations with taxx.lu, the system automatically calculates the amounts to deduct on your tax return! π»π
Β #AvantagesFiscaux #Immobilier #DΓ©ductionFiscale #Luxembourg
Β #AvantagesFiscaux #Immobilier #DΓ©ductionFiscale #Luxembourg
