Luxembourg Tax Reform For Residential Real Estate

//Luxembourg Tax Reform For Residential Real Estate

Luxembourg Tax Reform For Residential Real Estate

To counter the issue of rising property costs due to a lack of homes and constructible lots, a new tax reform has been enacted on January 1, 2017. Banque International à Luxembourg has made available this handy summary of the details of this reform here.

In brief, a seller can save money through the reduction of the capital gain tax to a quarter of the global income tax rate. For buyers, there have been put in place several interest reductions on mortgages. I encourage you the read this article put together by Mr. Pierre Clément of NEXVIA.

By | 2017-02-22T16:34:13+00:00 February 22nd, 2017|Buyers, Financing, Luxembourg Real Estate|0 Comments

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