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Luxembourg Announces Package of Measures to Support the Construction and Housing Sector

06 February 2024

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Approved Changes

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Luxembourg

The Luxembourg government has announced a package of measures to support the construction and housing sector. The package includes direct housing support for individuals and direct support for the construction sector, as well as various tax measures. The tax measures include, among others: A reduction in the capital gains tax rate to a quarter (25%) of the standard rate for real estate sold in 2024, provided that the real estate was owned for at least two years, and half the standard rate applied from 1 January 2025, provided that the real estate was owned for at least five years; An...