Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 12.11.2011, 12:05
Member
 
Join Date: May 2008
Location: Zürich, Zumikon
Posts: 129
Groaned at 2 Times in 2 Posts
Thanked 87 Times in 52 Posts
Canariesfan is considered knowledgeableCanariesfan is considered knowledgeableCanariesfan is considered knowledgeable
Buying 2 properties in Zurich Kanton : is it allowed and how does tax work ?

While searching for appartments it seem feasible to perhaps buy 2 properties with a mortgage on both and gain more living space than the price of a single property of the same living space. eg Our older children could occupy a smaller flat and hence it would allow us to occupy another flat. The properties could be in the same gemeinde or even a different one.

I am not sure if this is allowed and what are the tax implications eg Kanton tax and Gemeinde tax : eg if the properties are in the same Gemeinde or in different ones

Would a mortgage lender be prepared to do this if the total payments can be covered within the 30% of disposable income ?

Any other thoughts ?

Perhaps a bizarre enquiry but I am sure someone out there will know the answer. Thanks
Reply With Quote
  #2  
Old 12.11.2011, 12:23
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 8,655
Groaned at 383 Times in 263 Posts
Thanked 13,021 Times in 4,452 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: Buying 2 properties in Zurich Kanton : is it allowed and how does tax work ?

Your bank/mortgage lender will be the ones to ask for a definitive answer. But if you have the residential status to buy one, then more should not be a problem.

At present you can get tax relief on as many mortgages on as many properties as you want. But it is unlikely to remain like that as there is a move to cut mortgage tax relief and Eigenmietwert...
Reply With Quote
  #3  
Old 12.11.2011, 14:25
p42's Avatar
p42 p42 is offline
Forum Veteran
 
Join Date: Oct 2008
Location: Kanton Schwyz.
Posts: 840
Groaned at 4 Times in 4 Posts
Thanked 430 Times in 277 Posts
p42 has an excellent reputationp42 has an excellent reputationp42 has an excellent reputationp42 has an excellent reputation
Re: Buying 2 properties in Zurich Kanton : is it allowed and how does tax work ?

Buying a small multi-family house than needs modernising could be cheaper still. You then just need one nice bathroom and kitchen. You are going to be at the mercy of other owners in the block if you buy two flats. Service charge hikes, etc. This MFH has the advantage that it is only one property. Better value per unit, lower costs, easier for the bank to appreciate & finance.
Reply With Quote
This user would like to thank p42 for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How does it work with headhunters/recruitment companies in Zurich? lorenzoroma Employment 43 26.08.2011 18:17
Is it allowed to work more than 100%? larya Permits/visas/government 2 18.06.2011 22:17
Buying - notaires and deposits - how does it work? dalex Housing in general 5 27.04.2009 15:55
Self employment in Switzerland (Basel Kanton) - How does it work?? redbeard Employment 2 02.09.2008 15:23


All times are GMT +2. The time now is 23:01.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0