Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 16.10.2014, 21:10
Newbie
 
Join Date: Oct 2014
Location: Lausanne
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
miked4 has no particular reputation at present
Capital Gains Taxes in Vaud

I am trying to understand the tax implications for selling my apartment in Vaud. I lived there for 2 years but moved away and rented the apartment for the last 7 years.

I am now selling the apartment and want to buy a larger apartment in Vaud.

Does anyone have helpful links to tax implications on sale and also how to reduce tax burden?

Can I defer taxes if I buy another place?

I,d appreciate any advice on the matter.
Reply With Quote
  #2  
Old 17.10.2014, 12:05
Member
 
Join Date: Jul 2011
Location: Gland
Posts: 229
Groaned at 1 Time in 1 Post
Thanked 134 Times in 95 Posts
Macer is considered knowledgeableMacer is considered knowledgeableMacer is considered knowledgeable
Re: Capital Gains Taxes in Vaud

Hi,

There was an article in Le News about this recently. Not too much detail, but does talk about the tax associated with Property: http://lenews.ch/2014/09/30/property-taxes-switzerland/

When we bought our property a number of years ago, I do recall the notaire saying that it is possible to transfer capital gains from one property to another that is being purchased. However, this was mentioned in passing, and I don't know if there are exceptions to the rule... for example, the fact that you have rented the property.

Regards

Macer
Reply With Quote
  #3  
Old 17.10.2014, 12:18
Forum Legend
 
Join Date: Oct 2009
Location: la cote
Posts: 3,528
Groaned at 21 Times in 13 Posts
Thanked 3,165 Times in 1,666 Posts
runningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond repute
Re: Capital Gains Taxes in Vaud

These two websites on the Vaud Canton pages explain it. Basically you pay on a decreasing sliding scale from 30% to 7% depending on how long you have owned the property. (and whether you lived there or rented it out also has an impact)

http://www.vd.ch/themes/etat-droit-f...s-immobiliers/

http://www.vd.ch/themes/etat-droit-f...s-immobiliers/
Reply With Quote
  #4  
Old 17.10.2014, 12:55
Member
 
Join Date: Feb 2013
Location: TI
Posts: 171
Groaned at 13 Times in 7 Posts
Thanked 275 Times in 138 Posts
chrissie7 has an excellent reputationchrissie7 has an excellent reputationchrissie7 has an excellent reputationchrissie7 has an excellent reputation
Re: Capital Gains Taxes in Vaud

Capital gains tax can be deferred only if the apartment is your primary residence (ie, where you are registered) and you are selling in order to buy another property in Switzerland, which you must do within two years or you become liable for the CGT.

I am in the same position: I have an apartment in Vaud, which is rented out and which I want to sell. My notaire informed me that I'd have to move into the apartment in order to defer CGT. I think there may be a minimum residence requirement as well, but not sure.
Reply With Quote
Reply

Tags
apartment, capital gains tax, help please, property taxes, vaud




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
Trading in Switzerland - Capital gains/income taxes? Wheat Hoarder Finance/banking/taxation 9 03.03.2020 14:24
Capital gains tax jamestsmith Finance/banking/taxation 30 07.08.2014 19:45
How are home improvements treated in capital gains tax krlock3 Housing in general 13 11.08.2013 22:26
House Capital Gains tax in different Canton xyzzy Housing in general 6 27.02.2012 13:37
Capital gains tax and inheritance laws in Geneva & Vaud jwren Finance/banking/taxation 1 14.01.2008 10:51


All times are GMT +2. The time now is 05:37.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0