Tax credit of notarial deeds

The normal tax rate which applies to onerous acquisitions of a real estate property (i.e. house, flat or building site) amounts to 7% of the acquisition value (6% for registration fees and 1% for transcription fees).

To reduce all accessory costs related to housing acquisition, a special "tax-credit" on registration and transcription fees has been introduced for every individual acquiring real estate to be occupied by himself or his family.

This tax-credit is limited to 20,000€ per capita, i.e. a married couple has 40,000€ at its disposal for the acquisition of its own house as well as for further acquisitions until the credit-limit is reached. A minimum of 100€ registration fee is perceived though by the administration in any case.

Source : www.logement.lu, Date : 11.04.2011, internal translation