Luxembourg has published the Grand-Ducal Regulation of 22 May 2024 in the Official Gazette, which establishes revised depreciation rates for rental properties with effect from the 2024 tax year. The standard depreciation rates are as follows, depending on the age of the property:

• under 30 years old - 1.5% for normal wear and 2.0% for duly justified heavier wear
• 30 to 60 years old - 2.0% for n…