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  #21  
Old 14.07.2015, 23:53
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Re: Question: Home buying

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I have not read the rest of the replies so someone else might have already mentioned this, but in Switzerland it generally does not make fiscal sense to purchase a house outright, you will pay way too much tax.
true, it's better to make some fiscal optimization (basically you show you are indebted)
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  #22  
Old 15.07.2015, 10:00
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Re: Question: Home buying

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true, it's better to make some fiscal optimization (basically you show you are indebted)

So Greece must have absolute fiscal optimisation then
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  #23  
Old 15.07.2015, 10:01
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Re: Question: Home buying

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My Gemeinde/Switzerland in general will then assume that for tax purposes I am non-resident and am paying taxes on my Swiss income (whatever the source) in my new country, so they won't tax my Swiss income at all, is this also correct?
No residence, no residence permit, no work permit, no job.
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  #24  
Old 15.07.2015, 10:17
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Re: Question: Home buying

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No residence, no residence permit, no work permit, no job.
Well not entirely true.

A pension from the state or from a company is income and it will still be paid out here into your Swiss bank account (or overseas bank account) even if you become a non-resident!
Surely in this case you receive it tax free since you are no longer liable to pay tax here?!

(Also you can have a job in Switzerland and not live here, by living close to the border in a neighbouring country, if you are not Swiss you will simply switch to a G-permit.)

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I have not read the rest of the replies so someone else might have already mentioned this, but in Switzerland it generally does not make fiscal sense to purchase a house outright, you will pay way too much tax.
But from what figure upwards does it start to have an impact tax-wise? Does a fully paid-off owned property that is worth only Fr. 88'000.-- still incur tax as an asset? What about one that's worth Fr. 193'000.--?

Last edited by plumtree; 15.07.2015 at 10:21. Reason: adding
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  #25  
Old 20.07.2015, 18:10
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Question: Home buying in another canton

Hello, can you kindly advise what are the implications for a C-permit holder who is a resident of Geneva, when buying a property in a different canton? do I have to fill in tax returns in both cantons?
thanks
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  #26  
Old 20.07.2015, 18:42
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Re: Question: Home buying in another canton

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Hello, can you kindly advise what are the implications for a C-permit holder who is a resident of Geneva, when buying a property in a different canton? do I have to fill in tax returns in both cantons?
thanks
You are taxed where you live, not where you work...
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  #27  
Old 20.07.2015, 21:15
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Re: Question: Home buying

Thanks. so one canton will tax property in a different canton. I thought that in every canton the tax is different
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  #28  
Old 20.07.2015, 21:26
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Re: Question: Home buying

If you're talking about a property that isn't your main residence, i.e. holiday home, investment property, etc, then I think it will still be taxed where you live regardless of its location. After all, if you own property abroad you still have to report it on your Swiss tax return so why should this be any different. There may be some sort of tax agreement between the cantons that a certain proportion of the tax goes back to the canton where the property is located.
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  #29  
Old 21.07.2015, 01:36
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Re: Question: Home buying in another canton

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You are taxed where you live, not where you work...
Generally yes, but in the special case of real estate, the income (or deemed income) and any capital gains are taxed by the kanton in which the property is located.
Here is an overview of all the taxes http://www.helloswitzerland.ch/-/tax...ntial-property.
And here is a specific treatment of inter-kantonal real estate taxation:
(Ger.) link
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  #30  
Old 21.07.2015, 08:52
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Re: Question: Home buying

If you own property in the same canton, but a different town, from where you live, you will be taxed on that property in the town where it is located, as well as have to declare it on your tax return where you live.

BTDT.

However it's small, around CHF 800 on a property worth 1.7M

(not mine, some property my wife inherited)

Tom
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  #31  
Old 21.07.2015, 09:13
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Re: Question: Home buying

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If you own property in the same canton, but a different town, from where you live, you will be taxed on that property in the town where it is located, as well as have to declare it on your tax return where you live.

BTDT.

However it's small, around CHF 800 on a property worth 1.7M

(not mine, some property my wife inherited)

Tom
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Hello, can you kindly advise what are the implications for a C-permit holder who is a resident of Geneva, when buying a property in a different canton? do I have to fill in tax returns in both cantons?
thanks

So effectively you have little or no dealing with the second canton and don't have to fill in something separate for that canton. You are invoiced automatically?
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  #32  
Old 21.07.2015, 09:17
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Re: Question: Home buying

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So effectively you have little or no dealing with the second canton and don't have to fill in something separate for that canton. You are invoiced automatically?
Semi-automatically - in my case I fill out my Zurich return and then St Gallen (where I have a property) a copy. Between the 2 of them they then send the "right" tax bills
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  #33  
Old 21.07.2015, 09:36
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Re: Question: Home buying

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So effectively you have little or no dealing with the second canton and don't have to fill in something separate for that canton. You are invoiced automatically?
In our case, my wife just got a bill from the commune in question, though our tax office did ask about it (property had since been sold before the end of the tax year, my wife didn't receive her share until the following January, so there was no property or cash declared for the year).

Tom
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  #34  
Old 21.07.2015, 09:50
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Re: Question: Home buying

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In our case, my wife just got a bill from the commune in question, though our tax office did ask about it (property had since been sold before the end of the tax year, my wife didn't receive her share until the following January, so there was no property or cash declared for the year).

Tom
The added complication is that I have a 50% share in the property - and so everything has to be split 50% - which is noted at pretty much every point in the tax return. Never had any problems from any tax authority on it.
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  #35  
Old 21.07.2015, 18:16
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Re: Question: Home buying in another canton

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Generally yes, but in the special case of real estate, the income (or deemed income) and any capital gains are taxed by the kanton in which the property is located.
Here is an overview of all the taxes http://www.helloswitzerland.ch/-/tax...ntial-property.
And here is a specific treatment of inter-kantonal real estate taxation:
(Ger.) link
Thanks
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