Luxembourg Gazettes Regulation setting depreciation rates for rental properties

On May 28, the Luxembourg Official Gazette published a regulation setting the depreciation rates for rental properties. The regulation provides for solutions setting depreciation rates at the following levels: 1) 1.5%. for normal wear and 2 percent for justified greater wear and tear, for certain properties less than 30 years old; 2) 2% for normal wear and 2.5% for reasonable wear and tear, for specific properties aged 30 to 60 years; 3) 3% for normal wear and tear and 4% for reasonable wear and tear, for certain properties older than 60 years; 4) 2.5 percent for normal wear and tear and 3 percent for reasonable wear and tear, …