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# Home savings plan: What conditions must be respected and what are the penalties for non-respect?

### The conditions

**Duration:** 
The minimum duration is **10 years.**

**Use of funds:**
The capital must be used for your own residence in Luxembourg or abroad for **one of the 3 following options:**
* Acquisition (building or land)
* Renovation or transformation
* Reimbursement of a real estate loan
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### What are the consequences of not complying with the conditions?

${color}[#0d7326](Respected:) Minimum duration
${color}[#e61526](Not respected:) Conditions relating to the use of the funds

Then: No longer possible to deduct home savings plans in the future
---

${color}[#e61526](Not respected:) Minimum duration
${color}[#0d7326](Respected:) Conditions relating to the use of the funds

Then: Rectifying taxation of years in which deductions were made
---

${color}[#e61526](Not respected:) Minimum duration
${color}[#e61526](Not respected:) Conditions related to the use of the funds

Then, Rectifying taxation of years in which deductions were made
And, it will no longer be possible to deduct home savings plans in the future