View Single Post
  #15  
Old 13.10.2020, 19:08
NewInSchwyz NewInSchwyz is offline
Member
 
Join Date: Sep 2020
Location: schwyz
Posts: 150
Groaned at 14 Times in 11 Posts
Thanked 23 Times in 18 Posts
NewInSchwyz is considered a nuisanceNewInSchwyz is considered a nuisanceNewInSchwyz is considered a nuisance
Re: Declaring Uk home for tax benefits

Quote:
View Post
Property insurance yes, the others no.

I think the maintenance allowance only applies to the property you live in, others have to be actual values because the allowance is 20% of the imputed rental value, not the property value.

And note it's 10% for a property less than 10 years old.
Very helpful - The house is 50 years old so 20% of rent is signifcant - Imputed rent is at least 4K CHF a month or 3.5GBP

Maintenance and insurance is at least 10K CHF a year - So this could well nknock off 20K CHF off my income which should mean a tax saving

Why dont I rent it out ? Its my house and i really use it from time to time - Over christmas I ll be there for a month
Reply With Quote