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  #21  
Old 24.09.2012, 20:54
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

Again I would suggest looking further afield than Geneva. All the big cities are hideously expensive. Neuchatel, Yverdon, and the villages around them or even further afield to Fribourg area will get you more for your money.

There's a property here in my village (Misery-Courtion) going for CHF895,000. Here's a short description:

Magnificent property (7.5 rooms) with a big privative garden, heated swimming pool, dependence with sauna and jacuzzi, completely renovated farmhouse, lots of character, close to commodities.

So a lot more for your money than you'll find in or near Geneva, but there is one problem with this property for you. Foreigners are limited to a maximum of 200m2 living space and this one is 240m2. So something else you need to consider. But if you want to have a look at it then go to www.immostreet.ch.

Also, why do you think Switzerland is tax free? If you have a foreign income/pension you'll probably have to pay tax. There will be a yearly tax on your property that's for sure.
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  #22  
Old 24.09.2012, 22:32
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Re: UK family relocating to Geneva.Best area for families eg, park good schls, houses

[QUOTE=Merrylegs;1672219]Switzerland is not a tax-free country, far from it!

sorry what I meant was no taxes on money saved.
thankyou for your advice.
i'll stop throwing out the sticks.
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  #23  
Old 24.09.2012, 22:33
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

why do you think Switzerland is tax free? If you have a foreign income/pension you'll probably have to pay tax. There will be a yearly tax on your property that's for sure.[/QUOTE]

sorry what I meant was no taxes on money saved.
thankyou for your advice.
i'll stop throwing out the sticks.
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  #24  
Old 24.09.2012, 22:39
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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Can you visit before Christmas? The market is stationary between Christmas and New Year, there will be nobody around, it is a holiday period, you will be wasting your time house hunting then. Try and come before November if possible.
Thanks, yes, I had given it a thought but its the only time we can get out there plus we will only be taking a new year vacation there, we wont be house hunting yet until next year.
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  #25  
Old 24.09.2012, 22:41
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Re: UK family relocating to Geneva.Best area for families eg, park good schls, houses

Be careful on the use of 'civilised'. There has been a lot published lately on the growing crime and incivilities in Geneva of late, and it keeps growing. Gas station hold-ups are now quite frequent, break-ins are not unusual, and the drug related crime continues to grow. If I was set on moving to CH and had choice over the location, Geneva would be my last choice in terms of living standards, value, and crime.[/QUOTE]

yeh thanks for the warning
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  #26  
Old 24.09.2012, 23:11
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

Not sure what you mean by money saved, but if it's money in bank accounts then yes there is tax same as in UK. And if your wealth, i.e. house ownership, cars, boats, art collections, investments, etc, is over a certain amount then you'll pay tax on that as well. So depending on what those sort of figures add up to less the cantonal allowance (CHF35,000 for a couple here in Fribourg, but it varies from canton to canton) you'll pay tax on the remaining amount.

This is not an exact analogy because the Swiss have a funny way of working out house taxation figures and the tax valuation may be more than you paid for the property or less, but it will give you the basic idea. Say you bought the house here in Misery for CHF895,000 and a car at CHF25,000 for a total fortune of CHF920,000 less the 35,000 allowance, the tax would be 3.10% of CHF885,000 or CHF2,743.50. Then there may be a separate tax on your income/pension.
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  #27  
Old 25.09.2012, 00:13
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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Say you bought the house here in Misery for ...
I'm sure it's a lovely place but what a name!
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  #28  
Old 25.09.2012, 08:08
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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I'm sure it's a lovely place but what a name!
Yeah, but it gives my husband a great intro line: he goes home to Misery every night. I'll leave you to decide if he means the village or me!
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  #29  
Old 25.09.2012, 10:06
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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sorry what I meant was no taxes on money saved.

i'll stop throwing out the sticks.
Last I knew, residents were subject to the wealth tax, i.e. all assets including house, and including all foreign assets as well.

And if you want to be close to Italy, France, and Germany, there are perhaps a hundred nicer places to access those places easier than Geneva, i.e. most anywhere in the Valais, Neuchatel, and even the Vaud Riviera.
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  #30  
Old 25.09.2012, 10:33
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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sorry what I meant was no taxes on money saved.
Wrong. You pay higher wealth taxes for the amount you quote in Geneva or Vaud than in France (nothing below 1.3M EUR + deductions) or Germany (no wealth tax)

I would go for a nice house at the Côte d'Azur (my dream) or a nice Stadtvilla in Münich...

I'd recommend you to get a tax lawyer...
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  #31  
Old 25.09.2012, 10:37
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

Why has nobody mentioned the "Eigenmietwert" yet? This tax should be of special interest if you are planning to buy outright without mortgage.

When owning a property about 70% of an average rent for an equivalent property is added to your income and then taxed. In your case this could easily be around 25 - 30K you will be paying income tax for. At the same time owners can deduct mortgage interest payments from their taxable income. That's the main reason why many people in Switzerland still have a mortgage on about 60% on their house when they retire. Just last weekend the Swiss have yet again voted against a abolishment of this tax at least for pensioners.

Anyway, best of luck and please do consider other parts of Switzerland. The country is small and from nowhere will it take you longer than about 2 hours to get to France or Italy.
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  #32  
Old 25.09.2012, 10:53
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

I have no idea about permits - as I don't have one (think I had one once, though, years back) - but doesn't one have to entitlement to a Residents permit, other than just a whim? ...... otherwise everyone would want to live here.
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  #33  
Old 25.09.2012, 11:03
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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I have no idea about permits - as I don't have one (think I had one once, though, years back) - but doesn't one have to entitlement to a Residents permit, other than just a whim? ...... otherwise everyone would want to live here.
Yeah, I was thinking the same thing. Even with the free movement accord, I believe you have to show that you have enought money to support yourself and not end up on social welfare. Not sure what income they have, but if he took early retirement on a UK pension as only income earner, not sure how far a UK pension will stand up in high priced CH.
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  #34  
Old 25.09.2012, 11:04
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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I have no idea about permits - as I don't have one (think I had one once, though, years back) - but doesn't one have to entitlement to a Residents permit, other than just a whim? ...... otherwise everyone would want to live here.
Given that they are coming from the UK, I think this is not likely to be an issue.
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  #35  
Old 25.09.2012, 11:23
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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Why has nobody mentioned the "Eigenmietwert" yet? This tax should be of special interest if you are planning to buy outright without mortgage.

When owning a property about 70% of an average rent for an equivalent property is added to your income and then taxed. In your case this could easily be around 25 - 30K you will be paying income tax for. At the same time owners can deduct mortgage interest payments from their taxable income. That's the main reason why many people in Switzerland still have a mortgage on about 60% on their house when they retire. Just last weekend the Swiss have yet again voted against a abolishment of this tax at least for pensioners.

Anyway, best of luck and please do consider other parts of Switzerland. The country is small and from nowhere will it take you longer than about 2 hours to get to France or Italy.

Thankyou
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  #36  
Old 25.09.2012, 11:41
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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Yeah, I was thinking the same thing. Even with the free movement accord, I believe you have to show that you have enought money to support yourself and not end up on social welfare. Not sure what income they have, but if he took early retirement on a UK pension as only income earner, not sure how far a UK pension will stand up in high priced CH.
Im not going to get into what income, assets, etc we have for you to just excruciate. But thankyou anyway.
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  #37  
Old 25.09.2012, 14:18
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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Im not going to get into what income, assets, etc we have for you to just excruciate. But thankyou anyway.
I'm still curious as to why you have chosen Geneva. £850,000 will barely get you a decent flat in a good area there.
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  #38  
Old 25.09.2012, 14:26
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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I'm still curious as to why you have chosen Geneva. £850,000 will barely get you a decent flat in a good area there.
Probably grew up watching this on tele, thinking (like me), what a wonderful, glamorous location, full of international intrigue.

http://www.dailymotion.com/video/x4l...une_shortfilms

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Im not going to get into what income, assets, etc we have for you to just excruciate. But thankyou anyway.
oops! .... there's a point in a lot of threads when things tend to go tits belly up ..... I hope we're not reaching that place, now.
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  #39  
Old 25.09.2012, 15:59
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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oops! .... there's a point in a lot of threads when things tend to go tits belly up ..... I hope we're not reaching that place, now.
We'd reached that place a long time ago
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  #40  
Old 25.09.2012, 16:06
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Re: UK family relocating to Geneva.Best area for families eg, park good schools, hous

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We'd reached that place a long time ago
Didn't see it - you have to expect that some of the answers aren't going to be what you want to hear (read), but you should go with the flow and not try to fight it. This is how it is here - everyone is opinionated and will offer their take on things.
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