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Old 13.08.2011, 09:32
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Tax treatment of a 2nd Swiss Mortgage

We have purchased a second property which is currently being refurbished for us to move into next year - until this is ready, we have two mortgages running.

Does anybody know that tax implications of a second mortgage for a property which is not a main residence, but at the same time, isn't being used for commercial gain ie rent etc?

Thanks
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Old 13.08.2011, 09:35
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Re: Tax treatment of a 2nd Swiss Mortgage

My understanding is you can deduct the interest from as many mortgages as you want! I claimed the interest on a bridging loan a few years ago while moving without problem...
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