Luxembourg Proposes Temporary Tax Exemption for Gains from the Alienation of Real Estate

On 3 May 2016, the Luxembourg Minister of Finance submitted legislation to parliament for a temporary tax exemption for capital gains from the alienation of real estate. If approved, the exemption would apply for alienations made from 1 July 2016 to 31 December, provided the real estate had been held for at least two years at the time of alienation.