Penthouse apartment with roof garden and special depreciation in the KFW 40 QNG energy-efficient house

Key facts

Purchase price & costs

About this apartment

Modern age-appropriate living with modern heating technology in the KFW 40 QNG energy-saving house in the new "Grünes Quartier" residential area with good transport connections to
Luxembourg. Bright penthouse apartment with an additional rooftop garden in a modern KFW 40 QNG energy-saving house. Very high tax benefits for landlords possible through the combination of declining-balance depreciation and special depreciation for the construction of rental housing!
In this prominent location, modern, attractive condominiums ranging from approx. 25 to approx. 225 m² are being created, featuring modern technology in an age-appropriate design with an elevator and underground parking in sustainable construction to the high-quality KFW 40 QNG standard. A high-quality exterior façade with an appealing clinker façade, electric shutters, a modern elevator, attractive tiles and sanitary fittings, appealing parquet flooring, high-quality apartment entrance doors, modern triple-glazed windows, good electrical fittings, a controlled residential ventilation system with heat recovery, as well as attractive parquet flooring will be installed. Particular attention was paid to sustainable construction in the design of the property, as documented by the highly demanding KFW 40 QNG standard. All apartments have attractive balconies or spacious terraces or rooftop terraces. Each apartment is assigned a storage/cellar room in the basement.
The offer relates to apartment 28 on the penthouse floor = setback floor. From the central hallway with cloakroom, you enter the bright living/dining area with open kitchen of approx. 39 m², with several exits to the beautiful rooftop terrace of approx. 42 m² and the rooftop garden of approx. 46 m². A practical storage room is assigned to the kitchen area. The spacious bedroom of 14 m² (also with access to the rooftop terrace), the approx. 6 m² shower bathroom with natural daylight, the guest WC, and a bright children's room/office of approx. 12 m² (also with access to the rooftop terrace) are likewise accessible from the hallway. The apartment has a living area of approx. 96 m². The rooftop garden was not included in this area. A cellar room is assigned to the apartment.
There is an opportunity to purchase underground parking spaces for EUR 26,500. The residential complex meets the technical requirements to enable KFW 40 loans of EUR 150,000 from 1.73% under programs 297, 298, as well as EUR 220,000 under program 300 (family subsidy) from 0.01%.
The apartments can, if purchased by the year of completion and a Renting in accordance with the amendments to the Economic Opportunities Act can be depreciated using declining-balance depreciation pursuant to (§ 7 para. 5a EStG) at an annual rate of 5% based on the respective book value. This results in significant tax advantages.
Due to the KFW 40 QNG standard and the additional requirements, it is possible to combine the 5% declining-balance depreciation with the depreciation for rented housing (§ 7 b EStG). Here, additional special depreciation of 5% for 4 years, of up to EUR 4,000 per m², can be claimed. Both the cost limit of EUR 5,200 per m² and the depreciation value of EUR 4,000 per m² may be based on the residential and ancillary areas (gross floor areas) (BMF letter dated 07.07.2020, para. 52 BStBlI 2020 page 623). This significantly increases the areas eligible for depreciation. The requirements and cost limits have been complied with Example Apartment 1
Purchase price including underground parking space EUR 237,400 - Depreciation years 1–4 approx. EUR 91,484.80
Ask your tax advisor. They will advise you in detail.
Construction has commenced. Completion is planned for the end of 2027.
The property is additionally supervised by a publicly appointed building expert from TÜV Rheinland. This provides additional evidence of quality.

Location