Our tips for a successful tax return!
* Savers who, when taking out the contract, have not yet reached the age of 25, will benefit on a one-off basis for the first home savings scheme contract on allocation and subject to a contract duration of at least 7 years from a young person’s bonus amounting to 0,6% of the amount of home savings agreed when taking out the contract. The right to the young person’s bonus is lost in the event of transfer of the contract according to §14 (cf. § 3, paragraph 4 of the home savings General Terms and Conditions).
The applicable deductions for your home savings scheme contract vary according to your age and situation.
The applicable deductions in the case of a home savings scheme contract vary according to the age of the taxable persons. If at least one of the two people in the couple is aged between 18 and 40 on 1 January of the tax year, it is possible to deduct EUR 1.344 per person belonging to the household. Otherwise, the ceiling amounts to EUR 672 per person belonging to the household.
When you take out a loan to buy your main home, i.e. to take up residence there and not to rent it, you can deduct interest expenses.
What are interest expenses?
The amount deductible from the tax return varies depending on whether the building is already occupied by the owner or whether it is not yet occupied (interest fully deductible).
As soon as the taxpayer moves into their property, the deduction of property interest becomes capped and this is then determined in relation to the date of occupancy of the building.
Brochure "Guide to Housing Loans"
Whether you have taken out a personal loan for the purchase of your new car, the acquisition of new furniture for your home or simply the financing of a trip, your interests are deductible under certain conditions.
When linked to a personal loan, private insurance contributions, premiums and debit interests which are considered as special expenses, are tax deductible.
Ensuring a better retirement is the reason why you should definitely consider a pension savings plan. This can be taken out at any time, provided that it has a duration of at least 10 years and you are under 65 years of age.
This savings plan consists in regularly investing in the lux | pension SICAV for a certain period of time and reaping the benefits, once the contract expires.
Your contributions to your S-Pension plan are tax deductible, in the “Special expenses” section of your return.
When you take out a life insurance policy with an effective duration of at least 10 years, your premiums and contributions are deductible.
In the case of a loan taken out for the purchase of a new car, or in the case of your Lease Plus leasing contract, you can deduct your insurance contributions by taking out a motor vehicle third-party liability contract*.