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Old 13.08.2012, 07:30
Snoopy Snoopy is offline
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Re: Tax Deduction for rental property overseas

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When you own and rent property outside of Switzerland you...

a) add the property value to your wealth assessment to determine your global wealth, which determines the wealth tax percentage
b) deduct the property value from the wealth tax, as you don't pay wealth tax on non-CH property
c) add all rental income as income, which is taxed
d) add property maintenance costs (actuals, or pauschal, as you wish) as deductions.

Of course, the above assumes you file an annual tax return in CH.

And you must provide sufficient documentation to backup your claims eg: documents showing purchase price of the property, documents showing rental income of the property
FriendlyKiwi, the OP made it clear in his second post that he does not own the property, he is the tenant.

As a result, IMHO, he cannot deduct anything unless he can explain convincingly to the tax authorities that he needs to maintain two households.
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