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| All that said a lot of Swiss do buy second homes, so there must be something in it... | |
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I actually get the impression that the Swiss seem to buy a holiday home but rent their home.
This could be because they work in Zurich and could never afford to buy but could afford to buy a holiday home in Ticino.
As you say, if you are buying with cash that is declared on your Tax Return for Capital Tax, there is no additional tax to pay on this as it is just a different asset.
I cannot see how you would pay income tax on the rental value of the property and then on top of this, tax on income on rent received from tenents.
Then surely you would put the property into a Ltd Company; and even possibly an English LTD Company to get round this possibly.