Thread: selling a house
View Single Post
  #4  
Old 06.12.2019, 17:30
LuganoPirate LuganoPirate is offline
Forum Veteran
 
Join Date: Jan 2016
Location: Lugano
Posts: 1,114
Groaned at 17 Times in 15 Posts
Thanked 1,342 Times in 613 Posts
LuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond repute
Re: selling a house

In Switzerland you can buy a house today and sell it tomorrow. There is no time limit on how long you must keep a property.

However, if you sell for a profit, the tax on the gain will be lower the longer you hold it. In Ticino it starts at 31% and after 30 years drops to 4%. Other cantons will likely have different rates.

If you do make a profit you can deduct the buying costs and any improvements you have made to the house provided you have proper invoices for the work carried out.

If you took a loan to purchase the property you may have a penalty to pay to the bank, depending on your contract, but the interest is not deductible from the profit, though you can deduct it from your income taxes.

Last edited by LuganoPirate; 06.12.2019 at 17:33. Reason: Additional information
The following 2 users would like to thank LuganoPirate for this useful post: