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Old 18.03.2014, 21:52
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tax question for someone buying a house still under construction

Hello
We bought an apartment in a building that is now being built. As of year end, we had paid in full for the land plus portion of the remaining purchase price towards construction costs. We are not sure as to the amount of assets that have to be claimed on the tax return as of year end. We currently live in BS but the apartment is in BL. Thanks for any input.
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Old 19.03.2014, 00:29
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Re: tax question for someone buying a house still under construction

Why not photo copy all the payments you have made in 2013, and claim for that?
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Old 19.03.2014, 05:33
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Re: tax question for someone buying a house still under construction

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Why not photo copy all the payments you have made in 2013, and claim for that?
A house is often valued for tax purposes at way less than you paid..........
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Old 19.03.2014, 08:16
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Re: tax question for someone buying a house still under construction

Yes, we thought about claiming the cash paid but technically cash on hand should be worth more than if it is invested in a semi finished building. I guess the land value we can claim at what we paid even though this value is also now different as there is a building on it. The price of land included the architect fee for his work as well.
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Old 19.03.2014, 08:49
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Re: tax question for someone buying a house still under construction

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Yes, we thought about claiming the cash paid but technically cash on hand should be worth more than if it is invested in a semi finished building. I guess the land value we can claim at what we paid even though this value is also now different as there is a building on it. The price of land included the architect fee for his work as well.
I would go to Basel tax office & ask them. Expect final valuation to be 60-80% of cost.
 




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