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  #21  
Old 12.03.2012, 17:28
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Re: Leaving CH and renting out property

my 2 cents worth:
  1. Curved ball, why not wait with the boat jumping until you can claim Swiss citizenship? You said that you have a "see" (C) permit, which means coming from Oz you must be here over 10 years. After 12 years you can start the citizenship process.
  2. As mentioned above, you don't lose your residence status by leaving. You can ask for "suspension" up to four years. Since your status is still "C", Your intention is to return, should the bank/authorities make a fuss?
  3. Your best bet is to talk to a professional accountant who deals with these type of things. I would be careful with the bank, as they only look at their own interest.
  4. Yes, the pension fund might ask for the money back if you officially leave the country. Although, leaving to Oz you are entitled to take your money with you.
  5. All-in-all, based on much of the posts around the forum and what I've heard from friends, it is not worth to buy in Switzerland unless you plan to stay long term.
Good luck!

b
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  #22  
Old 12.03.2012, 19:00
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Re: Leaving CH and renting out property

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for my case, my husband is EU permit C and I'm non-EU permit B......in case it's a different contract by canton, my recall is that what is more important is whether you're EU or non-EU before the type of permit. E.g. for my case, i'm never allowed to rent or sell the apartment since i'm non-EU.....etc
But in that case, your husband is an EU citizen, and on a C, you shouldn't have that sort of problem, so long as the property is in both your names?

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Curved ball, why not wait with the boat jumping until you can claim Swiss citizenship? You said that you have a "see" (C) permit, which means coming from Oz you must be here over 10 years. After 12 years you can start the citizenship process.
Ah, but i've only just been here 6 years this time round, got my C early after the 5th year. My wife's B permit is a Familiennachzug, as of last year, so the clock re-sets back to zero. Married couples have to apply for citizenship together, so it's at least another 11 years....

Quote:
As mentioned above, you don't lose your residence status by leaving. You can ask for "suspension" up to four years. Since your status is still "C", Your intention is to return, should the bank/authorities make a fuss?
Yes that's correct, but it's not a given that you will get that extended suspension.
And you never know what can happen while you are away, laws change, situations change, it's not so far-fetched that for one reason or another you won't make it back in time...

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All-in-all, based on much of the posts around the forum and what I've heard from friends, it is not worth to buy in Switzerland unless you plan to stay long term.
I do intend to stay long term, just trying to understand the ins & outs of the arrangement before committing to anything. Cause you never know....
  #23  
Old 12.03.2012, 19:01
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Re: Leaving CH and renting out property

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  1. Yes, the pension fund might ask for the money back if you officially leave the country. Although, leaving to Oz you are entitled to take your money with you.
Good luck!

b
I thought of this too. If he's entitled to take it with him, but it's locked up in the house.... how's that going to work?
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Old 12.03.2012, 19:03
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Re: Leaving CH and renting out property

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I thought of this too. If he's entitled to take it with him, but it's locked up in the house.... how's that going to work?
Good point! Another question to ask the powers that be.
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Old 12.03.2012, 20:39
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Re: Leaving CH and renting out property

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Good point! Another question to ask the powers that be.
There could only be one solution. He has to take the house with him! There, I fixed it. Btw, did I just accidentally start another SVP initiative?
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Old 13.03.2012, 18:04
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Re: Leaving CH and renting out property

pitter patter pitter patter
  #27  
Old 12.01.2016, 05:53
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Re: Leaving CH and renting out property

Thanks to Cambo351 and all the other contributors in this interesting forum.

How would the rental aspect of this situation be affected by the following:

50/50 ownership of property (and mortgage debt) by:

■ C permit, non-EU foreigner
■ Swiss citizen

Could a property with such an ownership structure be rented out if both parties were overseas?
  #28  
Old 12.01.2016, 09:31
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Re: Leaving CH and renting out property

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Thanks to Cambo351 and all the other contributors in this interesting forum.

How would the rental aspect of this situation be affected by the following:

50/50 ownership of property (and mortgage debt) by:

■ C permit, non-EU foreigner
■ Swiss citizen

Could a property with such an ownership structure be rented out if both parties were overseas?
There are restrictions on purchase, once you own it it's different. Non residents can also inherit property which is not the same as buying.

If the Bank is happy with the situation thats fine, however if you have a fixed term deal for owner occupation it might get expensive.
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Old 12.01.2016, 11:13
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Re: Leaving CH and renting out property

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There are restrictions on purchase, once you own it it's different. Non residents can also inherit property which is not the same as buying.

If the Bank is happy with the situation thats fine, however if you have a fixed term deal for owner occupation it might get expensive.
The Owner occupancy issue usually comes from the pension fund. For rentals the bank will usually ask a higher ownership % by the home owner. With a 50% stake the poster already has it should be ok as long as no pension fund money is in play.
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Old 14.01.2016, 16:02
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Re: Leaving CH and renting out property

Thank you fatmanfilms and miniMia! Very useful.
  #31  
Old 12.02.2017, 20:49
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Re: Leaving CH and renting out property

Could anyone please recommend a notaire or lawyer who could explain the ins and outs of this issue?

I've asked these questions to the bank and their answer has been along the lines of "don't worry about it...".
  #32  
Old 12.02.2017, 21:21
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Re: Leaving CH and renting out property

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Ah, but i've only just been here 6 years this time round, got my C early after the 5th year. My wife's B permit is a Familiennachzug, as of last year, so the clock re-sets back to zero. Married couples have to apply for citizenship together, so it's at least another 11 years.....
It will be enough once you qualify as normal, that your spouse is married to you for 3 years, has lived here for 5 (usually the same Gemeinde) and 3 of those years of residence were in the last 5 years.

This might change as of 01.01.2018 however when the Federal duration goes from 12 to 10, and applicants require a C permit.
  #33  
Old 13.02.2017, 13:15
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Re: Leaving CH and renting out property

I spoke to a Notar in Stäfa, Kanton Zürich today. They told me that if you buy a property but then need to leave CH, you could rent it out even if leaving CH means your permit status changes.


The decision is based on your permit status at the point in time you purchase a property.


For example, if I bought an apartment and at the time had a C permit, I could leave Switzerland and lose my C-Permit but still rent out the apartment as if I had a C permit.
  #34  
Old 18.12.2017, 11:51
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Re: Leaving CH and renting out property

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Good point! Another question to ask the powers that be.
I wonder if you ever found the answer to this question?
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Old 22.12.2017, 02:23
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Re: Leaving CH and renting out property

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I wonder if you ever found the answer to this question?
So I asked my pension fund (Basler), they confirmed that if I were to leave Switzerland after having used pension money into the property, I would have to pay it back to the fund.

But one could leave, take the money, and put it back in the house then, I suppose.
  #36  
Old 22.12.2017, 06:34
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Re: Leaving CH and renting out property

Another aspect worth keeping in mind if you find yourself in the selling position is sliding scale "sales tax" on your property. Different across Kantons but a quick resale attracts higher sales taxes vs. A sale, say 10 years after purchase.

Good luck & I hope you get an optimum model for your needs.
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Old 22.12.2017, 10:12
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Re: Leaving CH and renting out property

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But in that case, your husband is an EU citizen, and on a C, you shouldn't have that sort of problem, so long as the property is in both your names?


Ah, but i've only just been here 6 years this time round, got my C early after the 5th year. My wife's B permit is a Familiennachzug, as of last year, so the clock re-sets back to zero. Married couples have to apply for citizenship together, so it's at least another 11 years....


Yes that's correct, but it's not a given that you will get that extended suspension.
And you never know what can happen while you are away, laws change, situations change, it's not so far-fetched that for one reason or another you won't make it back in time...


I do intend to stay long term, just trying to understand the ins & outs of the arrangement before committing to anything. Cause you never know....
this post is active again. Did you end up buying the property and then renting it out? I am interested in the outcome, thanks
  #38  
Old 14.06.2020, 13:24
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Re: Leaving CH and renting out property

Hi everyone,
I wanted to reopen this thread as i have a similar question: what happens to our house when we leave Switzerland (to go back to Australia)? I am a C permit and my registered partner is a Swiss citizen (and we are both Australians). The house is in both names.

Q1: Does the house become a secondary property or it retains its limitation of being only a primary one? How does it affect renting?

Q2: Can the house be rented using short term rental platforms (booking.com or airbnb.com) and declare the earnings?

Thanks
 

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