On 14 October 2019, Luxembourg's Ministry of Finance presented the Budget Bill for 2021 in parliament. The main proposed measures in the bill include: The introduction of a non-deductible tax at a rate of 20% on all rental and capital gains income from real estate situated in Luxembourg held directly or indirectly by investment vehicles including specialized investment funds (SIFs), reserved alternative investment funds (RAIFs), and undertakings for collective investment (UCI) part II funds if the investment vehicle has a personality separate from those of its partners; An increase in total registration taxes on capital contributions of real estate assets...