The property market in Luxembourg has been given a further boost. Announced on 13 December 2024 by Prime Minister Luc Frieden, several major tax measures that were due to expire at the end of 2024 have been extended until 30 June 2025. Extended measures: the key points What does this mean in practical terms? Attention, last chance [...]
Financial assistance and taxation
Exceptional assistance for property purchases in 2024
The Luxembourg government has just announced new incentives for buyers and investors in 2024. These measures are... Here is a breakdown of the assistance you can benefit from for the purchase of a principal residence or as part of an inv For buyers of a principal residence Examples of amounts recoverable: To deduct interest on [...]
What financial assistance is available to renovate your home?
Improving your home involves a number of risks, not least financial. Keep a close eye on your expenditure to avoid overspending, and don't overlook the many government grants available. There are three types of aid for renovation: direct capital grants, sustainable housing grants and indirect grants in the form of tax breaks. Grants [...]
Myrenovation: all the renovation and mobility aids
Renovating a home, installing a new heating system or switching to electricity? The new version of myrenovation allows you to simulate all the subsidies for your energy renovation project and for electric mobility. By renovating your home to improve its energy efficiency, you can do something for your well-being and for the environment. However, it is not [...]
Declare your rental income in your tax return!
If you rent out a house or flat that you own, the resulting rental income is taxable on your Luxembourg tax return. This applies to all residents who have a property to rent in Luxembourg or abroad, as well as to cross-border commuters who have a property to rent in Luxembourg [...]
Deduct your car loan from your Luxembourg tax return!
Have you found your car on luxauto.lu and taken out a car loan? Then think about saving tax! In fact, in the Grand Duchy, the tax return allows you to deduct the interest on your car loan. How much can be deducted on the tax return in Luxembourg? For interest and insurance premiums, the maximum amount you can deduct is [...]
Deduct property interest from your Luxembourg tax return!
The interest on a property loan can be deducted from your Luxembourg tax return. The deductible amount may vary depending on the situation, whether the property is already occupied by the owner or not. Indeed, if the property is not yet occupied, the property interest may be fully deductible from the tax return until you move in [...]
Deduct your housing savings from your Luxembourg tax return!
Tax time is fast approaching so it's a good time to take stock of what you can deduct! After a first article on building projects, we now turn our attention to home savings. If you have decided to put money aside each month in a home savings contract, you should be able to deduct [...]
Deduct your home under construction from your tax return!
Is your home currently under construction or renovation and you are looking forward to moving in? The good news is that you are eligible to deduct the interest charges on a property loan for your building under construction. So you can save money while you wait to move in! A few things to know before you start... In Luxembourg, [...]