Yesterday, the Luxembourg parliament passed a law extending the temporary tax measures introduced by the law dated 22 May 2024 introducing various measures to revive the housing market for a further six months. These measures were initially taken for 2024 only and presented as part of the first package of measures to boost the construction sector.
The new law is designed to support favorable indications coming from the construction sector and to prevent a slowdown in the current signs of recovery in property transactions.
Our Tax Managing Partner, Keith O'Donnell, and Chief Knowledge Officer, Marie Bentley, explain hereafter the 2024 tax measures covered by the new law, of which, the deadline for application has been extended.