View Single Post
  #20  
Old 20.06.2019, 16:35
RTN RTN is offline
Forum Veteran
 
Join Date: Nov 2009
Location: Uetikon am See
Posts: 1,441
Groaned at 13 Times in 9 Posts
Thanked 1,613 Times in 724 Posts
RTN has a reputation beyond reputeRTN has a reputation beyond reputeRTN has a reputation beyond reputeRTN has a reputation beyond reputeRTN has a reputation beyond repute
Re: Holiday Apartment Purchase

Quote:
View Post
I thought I had read there are penalties for selling so soon after buying, to avoid this type of property speculation?
All cantons have capital gains tax which is the "penalty", the rate varies depending on the canton and time owned, GraubŁnden has one of the lowest maximum rates which is 11% on gains above 100k at the end of the first year which makes it attractive. Depending on what is actually done and how it is described in invoicing it could be more renovation or capital works, one cuts down your personal tax the other lowers capital gains tax but I am a carpenter not an accountant.
Reply With Quote
This user would like to thank RTN for this useful post: