Luxembourg:
Clarification On Taxation Of Luxembourg Specialised Investment Funds
16 October 2020
ELVINGER HOSS PRUSSEN, société anonyme
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Following the Declaration of the Luxembourg Prime Minister on
the State of the Nation on 13 October 2020, there have been
articles in the financial press mentioning that "Luxembourg
raises taxes on specialised investment funds". In many cases
the information provided in such publications is not accurate. In
fact, the only change that was announced by the Prime Minister on
this topic is that specialised investment funds investing in
Luxembourg-based real estate will be subject to
20% tax on all revenues arising from the portion of the assets of
such funds invested in Luxembourg-based real estate. Thus,
Specialised Investment Funds which do not invest in
Luxembourg-based real estate are not affected by this forthcoming
change.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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