New 20% real estate levy for Luxembourg investment funds investing in Luxembourg real estate

4 mars 2021 par
vanessa Icardi Serrami

With effect as from 1 January 2021, the Law of 19 December 2020 introduced a new annual 20% real estate levy on income and gains arising from real estate assets situated in Luxembourg and realised directly or indirectly by certain categories of investment funds.

The aim of the introduction of the real estate levy is to make sure that investors are taxed on income and gains arising from investments into Luxembourg real estate, even when they structure their investment as an investment fund exempt from all taxes on its income and gains.

This article is written by Keith O’Donnell & Samantha Schmitz, Atoz Tax Advisers.

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