Age-appropriate living+ Save on taxes through special depreciation in the KFW 40 QNG energy-saving house

Key facts

Purchase price & costs

About this apartment

Modern age-appropriate living with modern heating technology in the KFW 40 QNG energy-efficient house in the new "Grünes Quartier" residential area with good transport connections to
Luxembourg. Bright, sunny apartment in a modern KFW 40 QNG energy-efficient house. Very high tax benefits for landlords are possible through a combination of declining-balance depreciation and special depreciation for the construction of rental housing!
Beautiful age-appropriate living with modern, cost-effective heating technology in a sought-after location in the new "Grünes Quartier" in the quiet inner area. Modern, attractive condominiums ranging from approx. 25 to approx. 190 m² are being built in this prominent location, featuring modern technology in an age-appropriate design with an elevator and underground garage, using sustainable construction methods to the high-quality KFW 40 QNG standard. A high-quality exterior façade with an attractive clinker façade, electric shutters, a modern elevator, beautiful tiles and sanitary fittings, attractive parquet floors, high-quality apartment entrance doors, modern triple-glazed windows, good electrical installations, a controlled residential ventilation system with heat recovery, and attractive parquet floors 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. The combination of modern technology and high-quality insulation results in very low heating and ancillary costs. All apartments have beautiful balconies or spacious terraces or roof terraces. Each apartment is assigned a storage/basement room in the basement.
The ground-floor apartments can have a garden upon request.
The offer concerns apartment 26 on the 2nd upper floor. The apartment consists of a spacious living/dining area with an open kitchen of approx. 39 m², with access to the beautiful loggia of approx. 6 m². The spacious bedroom of 18 m² with an adjoining dressing room of approx. 7 m², the storage room, and the shower bathroom of approx. 8 m² are likewise accessible from the living area. The apartment has a living area of approx. 78 m². A basement 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 for enabling KFW 40 loans of EUR 150,000 from 1.73% under programs 297, 298, as well as EUR 220,000 under program 300 (family support) from 0.01%.
The apartments can, if purchased by the year of completion and rented in accordance with the amendments of the Growth Opportunities Act with declining depreciation pursuant to (§ 7 para. 5a EStG) of 5% annually based on the respective book value. This results in significant tax benefits.
Due to the KFW 40 QNG standard and the other requirements, it is possible to combine the declining depreciation of 5% with the depreciation for rental housing (§ 7b EStG). Here, an additional 4 years of special depreciation of 5% 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 can 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 are 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. This is an additional proof of quality.

Location