The notary fees consist of the three following elements: the fees of the notary and his staff; the reimbursement of expenses for services and external documents required for buying a home (public register of lands, land-surveyor, etc.) and the registration and transcription fees collected on behalf of the Administration of Registration and Domains.
In Luxembourg, the registration and transcription fees cost 7% of the purchase price but, in case of the acquisition of a personal residence, a reduction is granted in the form of a tax credit that can amount to a maximum of EUR 20,000 (EUR 40,000 in case of a property purchase by two persons, e.g. a couple). The tax credit is applied immediately at the signing of the act of sale. Be careful! If you rent all or any part of your home or if you don’t live permanently in your home for at least 2 years, you have to pay back the entire tax credit. Contact your notary for more information!