CSV demanded last year that the so-called "Bellegen Act" be increased to €50,000. As a reminder, when a purchaser of a land or a property signs a notary act, he or she needs to pay different notary fees. Registration fees are calculated on the value of the land and buildings on this land, at 6%. If you plan on living in the Grand Duchy or live in your new acquisition, the "Bellegen Akt" allows you to obtain a tax credit on these rights. The "Bellegen Akt" currently amounts to up to €20,000 - which is not high enough according to CSV.
The "Bellegen Act" mainly targets people who hope to purchase a property for their own use. The Chamber of Caution advised caution in changing the current tax credit and questioned the efficiency of this measure in the context of housing shortage. They demanded that CSV clarify their proposal and provide a clear financial statement.
CSV demand national speculation tax and increase of the "Bellegen Akt"
