Looking to buy your first apartment or make a rental investment? Now is THE time to take the plunge! Luxembourg's Finance Minister, Gilles Roth, has just announced a 50% reduction in registration fees between October 1, 2024 and June 30, 2025. These will rise from 7% to 3,5%.
What's more, these measures are cumulative with tax benefits already in force for 2024! This means that.., if you buy NOW, before the end of the yearIf you buy a studio or apartment in the new Brooklyn district, you'll benefit from exceptional tax breaks.
Don't let this opportunity pass you by!
Registration fees at 3.5%
The news has just broken. From October 1, 2024 to June 30, 2025, registration fees for the purchase of real estate in Luxembourg will be halved. They fall from 7% to 3.5%. This reduction applies to the purchase of a principal residence or a rental property.
Benefit from cumulative tax measures until December 31, 2024
If you buy your studio or apartment before December 31, you'll benefit from reduced registration fees AND all the other tax measures that will be in force in 2024. These measures depend on whether you are a first-time buyer or an investor.
Scenario 1: You buy your principal residence. You benefit from :
- Tax credit - Bëllegen Akt 40,000 per person, or €80,000 for a couple.
- Deductible interest expense For the first 5 years of occupancy, interest charges on your home loan are deductible up to €4,000 per person.
- From super-reduced VAT to 3% : This rate, capped at €50,000, remains applicable for the purchase of a new property in 2024, even if you have already acquired a property before.
Scenario 2: You buy for a rental investment. You benefit from:
- Tax credit - Bëllegen Akt 20,000 per person, or €40,000 for a couple.
- Accelerated depreciation to 6% over 6 yearswith a tax ceiling of €250,000.
- Reduction of the capital gains tax rate to ¼ of the overall rate if you sell an old rental property to buy a new one in Brooklyn.
Example: Your registration fees at €0!
To give you a concrete idea of how much you can save, here are two examples of acquisitions in Bonnevoie's new Brooklyn neighborhood.
First-time buyers :
You buy a magnificent 1-bedroom apartment for €611,290 incl. VAT (3%). Registration fees of 7% would have been €32,089, but with the new 3.5% measure, they fall to €16,044. Thanks to the Bëllegen Akt tax credit, these costs are €0.
Investor :
You buy a lovely, comfortable studio for €554,695 (17%). The initial registration fee of 7% is €27,314, but thanks to the reduction to 3.5%, it will only be €13,657. And thanks to the Bëllegen Akt, you won't pay any registration fees at all!
Please note that this is only valid if you buy BEFORE December 31, 2024!
All measures are applicable to your Brooklyn apartment!
The new studios and apartments in the new Brooklyn neighborhood at Bonnevoie are the ideal choice for you. In addition to being eligible for all 2024 tax measures, they offer a unique quality of life and guarantee a particularly profitable investment.
The construction site is underway, and you can visit it right now!
An ideal location less than 15 minutes from everything
Close to Luxembourg train stationThe new district is served by the new streetcar line and numerous bus stops, making it particularly accessible from the city center and Luxembourg's other business districts. It is located at the entrance to Bonnevoie, a lively, cosmopolitan district with numerous shops, restaurants, schools, cultural venues, sports clubs and more.
A new district where life is good for all ages
The new neighborhood is designed to offer a friendly, peaceful and pleasant living environment with plenty of green space. Almost every apartment has a terrace, balcony or garden. Whether you're a single person, a couple or a family, you'll enjoy a space that's tailored to your needs, so you can achieve your full potential.
A risk-free investment
The worksite is progressing apace. Delivery is scheduled for October 2025. You'll be able to move in in less than 1 year!
Eaglestone offers you attractive new prices starting at €383,097 incl. VAT (3%). We guarantee a fixed, non-indexed price, eliminating any unpleasant surprises between the signing of the sales contract and the handover of the keys.
Become a homeowner NOW before it's too late!
Time is running out! Only a few weeks left! If you'd like to take advantage of the cumulative 2024 tax incentives and attractive apartment prices in Brooklyn, contact us today to arrange a site visit or for more information.
