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Old 03.12.2014, 15:30
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Rental Value on foreign property that is lived in by the ex

if someone may have posted similar, then please send me in the right direction - filling in a swiss tax return I am unsure about how to complete the property section - we have 50% of a property in the Netherlands, currently lived in by my partners ex and children. He pays Alimony, part of this is being used to pay the mortgage. We were told that he needs to declare 50% of the value of the property, which is fine, but I do not know if he needs to declare Eigenmietwert. Also if he's able to deduct the maintenance pauschale, irrespective of declaring eigenmietwert. Any experiences out there to help me ? Many thanks.
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Old 03.12.2014, 15:39
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Re: Rental Value on foreign property that is lived in by the ex

in my opinion only the value of the property owned - it's not paid off though, right?
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Old 03.12.2014, 15:50
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Re: Rental Value on foreign property that is lived in by the ex

No, it still has a mortgage. main question is if an eigenmietwert needs to be given, if so how this is worked out, and if the maintenance pauschale can only be applied if an eigenmietwert is entered
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Old 03.12.2014, 15:56
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Re: Rental Value on foreign property that is lived in by the ex

Quote:
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main question is if an eigenmietwert needs to be given
Only if you live there yourself.

Tom
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Old 03.12.2014, 20:45
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Re: Rental Value on foreign property that is lived in by the ex

Thanks Tom - and can I therefore deduct the Unterhaltskosten pauschale ?
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Old 03.12.2014, 21:31
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Re: Rental Value on foreign property that is lived in by the ex

Any mortgage should be shown separately on the tax return, it's quite possible to have a negative net worth for tax purposes. (possibly in reality as well )
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Old 03.12.2014, 21:44
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Re: Rental Value on foreign property that is lived in by the ex

Appreciate the mortgage side, in this case he can only deduct either the mortgage payments or the alimony - my question is regarding maintenance cost and if the 'pauschale' can be deducted (ie lumpsum for assumed maintenance cost)
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Old 03.12.2014, 21:52
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Re: Rental Value on foreign property that is lived in by the ex

I believe I might have found the answer to my own question. As the online tax form automatically deducts the amount of the pauschale only once you put a rental value into the appropriate box, I assume that the said pauschale only applies if you earn a rent, hence the general cost of the upkeep of a property cannot be deducted unless you declare eigenmietwert or rental income. Thanks for you help gents. (unless someone knows different of course :-) )
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