Hi, I got my C permit in 2020 and I'm learning about different taxes in CH. I had my declaration done by an accountant this year, and I see that I am taxed for the money I have in my accounts even if I already paid taxes for it when I earned it... this is a bit confusing to me, but OK. It means basically that if I don't do anything with the money, on top of losing some % because of inflation, I will be paying wealth tax each year...
So in parallel I had been thinking of buying property in Spain, where I am from. I would like to come back at some point, and maybe could rent it in the meantime. In the area I am interested in, prices are dropping because of covid so it looks like a good opportunity.
Now, my question is, I don't know how this will affect my taxes... let's say I have savings of 200,000 CHF cash now and I want to buy a 200,000 CHF apartment. For this I would like to use 100,000 CHF and get a mortgage in Spain for the remaining 100,000 CHF.
When I do my declaration next year, will I be taxed on wealth for the 100,000 CHF remaining in my account + total value of the property (200,000 CHF)? Do I get a deduction for the fact that I have a mortgage?
Thanks for your advice in advance