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Old 15.04.2019, 09:57
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Imputed Rental Value tax on property - for retired

Hi. I have searched this forum and google, but I can't find the answer i'm looking for - can anyone help?...


If I am a retired person living in Kanton Zurich and I own a house that me and my family live in that's worth 1,000,000 CHF, and I have no income, I only have some savings that I live from, do I have to pay the Imputed Rental Value tax? I understand that it is added to my income, so if that is my only income, I guess the Imputed Rental Value would probably not come to more than 70,000 CHF per year.
So would I have to pay tax on that?
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Old 15.04.2019, 10:11
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Re: Imputed Rental Value tax on property - for retired

Here is a start: https://www.ch.ch/en/rental-value/.

If you do a google search in German, the key words are "Eigenmietwert" and "Amtlicherwert"

But there is some hope that this will be eliminated. Google for "schweiz eigenmietwert abschaffen"
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Old 15.04.2019, 10:24
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Re: Imputed Rental Value tax on property - for retired

thanks for the reply, but i'm not asking so much about the property tax, but do I have to pay income tax if my income is only from this property tax and comes to say 70,000 CHF?
So I actually have zero income. only this imaginary rental that I dont have. Do I still pay tax on it?
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Old 15.04.2019, 10:25
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Re: Imputed Rental Value tax on property - for retired

Correct.
The Imputed Rental Value is 3.5 % of the properties value, but it should also be within 60 - 70 % of the actual rent of a similar property.
From this income you can deduct any interest payments, maintenance, and insurance.

On top of that you would also have to pay wealth tax on your total net assets.

Overall, depending on your situation the tax burden can be just CHF 2000 up to over CHF 10000.
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Old 15.04.2019, 10:36
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Re: Imputed Rental Value tax on property - for retired

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thanks for the reply, but i'm not asking so much about the property tax, but do I have to pay income tax if my income is only from this property tax and comes to say 70,000 CHF?
So I actually have zero income. only this imaginary rental that I dont have. Do I still pay tax on it?
yes
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Old 15.04.2019, 10:41
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Re: Imputed Rental Value tax on property - for retired

Also note there is a maximum tax charge, which may cap the amount of tax you have to pay if your actual income is low (includes min 1% of your fortune as income).
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Old 16.04.2019, 07:40
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Re: Imputed Rental Value tax on property - for retired

So is there a mimimum income you can earn in switzerland before tax?
I read somewhere that there is a 120k CHF minimum before you have to file a tax return, but does also mean you dont have to pay tax if you earn below 120k ? Or is there any minimum at all?
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Old 16.04.2019, 07:56
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Re: Imputed Rental Value tax on property - for retired

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So is there a mimimum income you can earn in switzerland before tax?
I read somewhere that there is a 120k CHF minimum before you have to file a tax return, but does also mean you dont have to pay tax if you earn below 120k ? Or is there any minimum at all?
The 120k is (broadly speaking) only for foreigners on a B permit, not married to a Swiss who don’t own property in Switzerland. You would have to submit a tax return and pay the tax.

The situation you describe is one of the reasons it is currently being considered to abolish the tax.
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Old 16.04.2019, 07:58
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Re: Imputed Rental Value tax on property - for retired

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So is there a mimimum income you can earn in switzerland before tax?
No.

Tom
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Old 16.04.2019, 08:23
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Re: Imputed Rental Value tax on property - for retired

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Hi. I have searched this forum and google, but I can't find the answer i'm looking for - can anyone help?...


If I am a retired person living in Kanton Zurich and I own a house that me and my family live in that's worth 1,000,000 CHF, and I have no income, I only have some savings that I live from, do I have to pay the Imputed Rental Value tax? I understand that it is added to my income, so if that is my only income, I guess the Imputed Rental Value would probably not come to more than 70,000 CHF per year.
So would I have to pay tax on that?
Wow. Such robbers these tax authorities are! So don't you have a pension?
But good news. They want to get rid of this criminal Imputed Rental Value

https://www.nzz.ch/schweiz/eigenmiet...den-ld.1460125
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Old 16.04.2019, 08:24
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Re: Imputed Rental Value tax on property - for retired

If you already own the property you will surely already have the Eigenmietwert valuation from your local council??

Our property cost more than yours (nan nah) and we were valued on completing the building 10 years ago at 28,000 pa. This has not changed in that time. This is added to ones income and cannot be avoided - except by death of course....
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Old 16.04.2019, 08:26
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Re: Imputed Rental Value tax on property - for retired

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Wow. Such robbers these tax authorities are! So don't you have a pension?
If people like you didn‘t need social support, libraries, the roads built and resurfaced etc etc etc nobody would need to pay any tax...
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Old 16.04.2019, 08:31
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Re: Imputed Rental Value tax on property - for retired

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If people like you didn‘t need social support, libraries, the roads built and resurfaced etc etc etc nobody would need to pay any tax...
"If people like you and you................"
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Old 16.04.2019, 08:32
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Re: Imputed Rental Value tax on property - for retired

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"If people like you and you................"
Well yes, but I don‘t mind paying tax...
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Old 16.04.2019, 08:34
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Re: Imputed Rental Value tax on property - for retired

The moral of the story. Never pay your house of completely.
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Old 16.04.2019, 08:35
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Re: Imputed Rental Value tax on property - for retired

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Well yes, but I don‘t mind paying tax...
Could one go so far as to say " you love paying tax"?
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Old 16.04.2019, 08:47
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Re: Imputed Rental Value tax on property - for retired

For the OP: the is a move afoot to kill Imputed Rental Value - and at the same time tax relief on mortgage interest would end - but things move slowly here...
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Old 16.04.2019, 08:52
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Re: Imputed Rental Value tax on property - for retired

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For the OP: the is a move afoot to kill Imputed Rental Value - and at the same time tax relief on mortgage interest would end - but things move slowly here...
I already posted that

https://www.nzz.ch/schweiz/eigenmiet...den-ld.1460125
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Old 16.04.2019, 09:16
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Re: Imputed Rental Value tax on property - for retired

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For the OP: the is a move afoot to kill Imputed Rental Value - and at the same time tax relief on mortgage interest would end - but things move slowly here...
All those celebrating the move to abolish Eigenmietwert should pay special attention to this bit.

Not only are they talking about a change to the handling of mortgage interest but also for the other various property-related deductions. Some might end up better off, but some will feel new tax pain.

So perhaps not quite time to break out the champagne.


Bottom line: Once the final details are announced, get out your calculator - you might want to re-think your tax and financing strategies.
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Old 16.04.2019, 09:21
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Re: Imputed Rental Value tax on property - for retired

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All those celebrating the move to abolish Eigenmietwert should pay special attention to this bit.

Not only are they talking about a change to the handling of mortgage interest but also for the other various property-related deductions. Some might end up better off, but some will feel new tax pain.

So perhaps not quite time to break out the champagne.


Bottom line: Once the final details are announced, get out your calculator - you might want to re-think your tax and financing strategies.
No doubt the rich will benefit from a new scheme. Its called suppressing the majority for the benefit of the few.

Im calling for a revolt

https://www.britannica.com/topic/his...s-and-peasants
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