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| I am a Swiss resident living in the German part of Switzerland. I am seriously looking at a purchasing a chalet in the French part. I guess my question is, do you get taxed at your main residency? I guess that your wealth tax liability would go up. Is there anything which I should be aware of, which may be isn`t obvious! Any comments welcolme. | |
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Yes there are two taxes you pay on your holiday home:
(1) You pay Capital Tax based on the value by the canton.
(2) You pay Income Tax on the rental market value of the property less incidental running costs.
That is the real bummer and caught me totally out.