You have finally decided to buy property in Luxembourg?

Congratulations, we support your decision! You may however be wondering how much this decision will cost you. Various taxes, charges and fees will add up to your property acquisition costs.

To give you an idea, we have simulated a € 600,000 existing acquisition for a couple with a 10% down payment. You can of course adapt this  to your exact situation by using Nexvia’s acquisition cost tool.

PROPERTY PRICE

- In Luxembourg, agency costs are payed by the seller

 

€ 600 000

STAMP DUTY

- 6% registration duties + 1% transcription duties

- €20,000 deductible tax credit per person (Bëllegen Akt)

 

€ 2 000

NOTARY FEES

 

€ 3 048

MORTGAGE CLOSING COSTS

- 0.29% registration and inscription stamp duty

- Notary fees

- Banking charge

 

€ 3 734

TOTAL ACQUISITION COST

VAT

€ 608 782

Exempt

How about for an off-plan property?

There will be two major differences when buying off-plan:

  1. VAT: 3% on the construction part (more or less 65% of the property price) up to € 357,143 and 17% above.
  1. Stamp duty: Only applies to the land part (more or less 35% of the property price in Luxembourg City).
In our example above, the total acquisition cost would therefore be € 606 882. To find out the exact cost for your project, use Nexvia’s acquisition cost tool.