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Old 19.02.2012, 10:35
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House Capital Gains tax in different Canton

Hi All,

Wife an I own a property in another Canton, which we have just fixed up after the last renter left.

We'd like to sell this property now (upgrade our eigenhome), and believe after the fixes we'll get a profit. We've actually had this now for just under 2 years, so realise the capital gains taxes might hit us up to 50%.

Our questions(s):

(1) If the house we are selling is in a different Kanton from which we live, which Kanton do we end up paying the profit tax in? Both Kantons have quite different tax/house capital gains rates.

(2) If we receive say 100,000 profit, do we get hit twice by tax? eg 50% on the profit, and then 20% due to general personal tax?


Any information gladly/greatfully accepted. Thanks.
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Old 19.02.2012, 11:44
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Re: House Capital Gains tax in different Canton

Ask an accountant/tax adviser and get proper advice. If he is any good you'll save far more than he will ever cost you, even by inflated Swiss standards !
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Old 19.02.2012, 12:28
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Re: House Capital Gains tax in different Canton

Free advice is available at your local tax office - in either place.

Just pop and ask. I found they were happy to discuss and supply the relevant forms. Though in larger towns an appointment may be necessary...
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Old 19.02.2012, 14:22
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Re: House Capital Gains tax in different Canton

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Free advice is available at your local tax office - in either place.

Just pop and ask. I found they were happy to discuss and supply the relevant forms. Though in larger towns an appointment may be necessary...
I found the local tax office very helpful too. Our first accountant was, in my opinion, a crook who preyed on people unable to speak the local language. They were recommended by a colleague of my husband who was also afterwards very unhappy with them too.

Another local accountant couldn't answer my questions on tax on a pension withdrawal and the tax office could. It ended up being something like 0.06 percent - not really worth seeing an accountant for.
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Old 19.02.2012, 14:45
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Re: House Capital Gains tax in different Canton

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Ask an accountant/tax adviser and get proper advice. If he is any good you'll save far more than he will ever cost you, even by inflated Swiss standards !
i disagree. if you are definitely selling it, then you will have to pay what you have to pay. spending money on an accountant isn't really going to make a difference except that you get to pay the accountant.
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Old 19.02.2012, 16:34
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Re: House Capital Gains tax in different Canton

You pay tax in the Canton where the gain arose.

Watch out also as to whether there is a charge to property transfer tax. There is no such tax in Zurich, but it is alive and kicking in many other Cantons (especially here in Baselland and, even more punatively in Basel Stadt ...)
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Old 27.02.2012, 13:37
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Re: House Capital Gains tax in different Canton

Thanks for the help all. Much appreciated and has put us in the right direction. Cheers.
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