Luxembourg Publishes Law for 2021 Budget

Luxembourg has published the Law of 19 December 2020 concerning the Budget for 2021. Tax measures of the law include:

• The introduction of a non-deductible tax ("real estate levy") at a rate of 20% on all rental and capital gains income from real estate situated in Luxembourg held directly or indirectly by investment vehicles including specialized investment funds (SIFs), reserved alternative investment funds (RAIFs), and undertakings for collective investment (UCI) part II funds if the inve…