Thread: Tax implications of owning a holiday property?
View Single Post
  #5  
Old 18.01.2009, 12:16
dannyt986's Avatar
dannyt986 dannyt986 is offline
Forum Veteran
  
Join Date: May 2005
Location: Wollerau, Schwyz
Posts: 685
Groaned at 6 Times in 6 Posts
Thanked 103 Times in 75 Posts
dannyt986 is considered knowledgeabledannyt986 is considered knowledgeabledannyt986 is considered knowledgeable
Re: Tax implications of owning a holiday property?
Quote:
meloncollie
 View Post
But, I would not be liable for taxes on 'regular' income in SG - only in SZ, my primary residence - does that sound correct?
Yes that is correct, you just pay tax in SG on the notional and real income and wealth related to the property... the rest will stay safely taxed in SZ. The home canton does a "steuerauschied" or "repartition intercantonale" based on your tax return and communicates the relevant portion to SG. Same goes for overseas property.

Daniel
Reply With Quote
This user would like to thank dannyt986 for this useful post: