VAT: What increase for real estate?

Since 1 January^er On 1 January 2015, VAT in Luxembourg increased. This concerns the standard rate, the reduced rate and the intermediate rate, which will increase from 15 to 17%, from 6 to 8% and from 12 to 14 % respectively,

The super-reduced rate 3 % will only be available for the acquisition of a new good for personal use, i.e. for the purchase of one's own main residenceand the housing renovationThis includes those made available to third parties (rental).

On the other hand, for investors who buy a dwelling for purposes other than personal use (e.g. rental), the rate increases to 17 % (previously 3%).

However, a transitional measure is foreseen for applications for the application of the super-reduced rate for the construction of a dwelling not intended for personal use that were submitted before 1 January 2010.^er January 2015: the super-reduced rate will be maintained for this work until 31 December 2016.