Did you know that you can save on your income taxes by declaring some of your expenses?

This tax benefit is possible if you are a Luxembourg resident or a frontier worker (provided you file a tax return declaration in Luxembourg).

With regard to real estate properties, you can reduce your tax base:
if you sign up to a loan for a primary residence by deducting the interest.
if you sign up to a home ownership savings plan (in the Grand Duchy).

Other special expenses, other than real estate property, could be deducted from your taxes as insurance premiums, maintenance allowances, child care expenses or when employing a housekeeper.

You have until December 31, 2017 to declare these expenses in order to benefit from the tax reduction for 2017.

For more information about deductible expenses or to help you file your tax return declaration, contact Assurances Bastian S.A.R.L Company, a subsidiary of Lalux Assurances.

For frontier workers, a support office is located in Thionville at the Association des Frontaliers au Luxembourg premises and in Joeuf. Please contact them to make an appointment.

Other recent articles:
Social housing shortage in the Grand Duchy.
Renovation/construction: Take advantage of ultra-low rates!
It is worth it to invest in solar power in the Grand Duchy?
Buy or rent? Prices are rising in the Grand Duchy!