Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 30.10.2015, 00:21
Newbie 1st class
 
Join Date: Oct 2011
Location: Ecublen
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
ecublen has no particular reputation at present
Rent and second home

Hello,

Currently, I'm renting an appartment and I intend to buy a new apartment.
I will move to new apprtment and declare with commune that I'm living new apparent.
However, I will subrent the old appartment (I can ear a bit money with that).
In my case, is it considered as I have 2 houses and I have to pay tax for the subrent appartment. Is it too much?

Thank you in advance

Ecublen.
Reply With Quote
  #2  
Old 30.10.2015, 02:28
miniMia's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,991
Groaned at 101 Times in 92 Posts
Thanked 9,106 Times in 4,522 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Rent and second home

Yes. You will pay tax on the money you receive for the rent (all of it, not just the difference) plus you will pay tax on the rental value on the property you purchase.
Reply With Quote
This user would like to thank miniMia for this useful post:
  #3  
Old 30.10.2015, 06:58
Rangatiranui's Avatar
Forum Veteran
 
Join Date: Nov 2007
Location: Baden region
Posts: 2,176
Groaned at 14 Times in 13 Posts
Thanked 2,453 Times in 1,079 Posts
Rangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond repute
Re: Rent and second home

Good morning, and welcome to the forum.
Reply With Quote
  #4  
Old 30.10.2015, 08:53
Arteemis's Avatar
Junior Member
 
Join Date: Feb 2014
Location: Zurich
Posts: 87
Groaned at 0 Times in 0 Posts
Thanked 85 Times in 38 Posts
Arteemis has earned some respectArteemis has earned some respect
Re: Rent and second home

Quote:
View Post
Hello,

Currently, I'm renting an appartment and I intend to buy a new apartment.
I will move to new apprtment and declare with commune that I'm living new apparent.
However, I will subrent the old appartment (I can ear a bit money with that).
In my case, is it considered as I have 2 houses and I have to pay tax for the subrent appartment. Is it too much?

Thank you in advance

Ecublen.
I am not sure what the law is in your canton, but there are rules about subletting apartments.

https://fr.comparis.ch/immobilien/ne...g-schweiz.aspx

Sadly, content is only in French, German or Italian but a quick translation of items that may concern you:

1. you need to inform the landlord and disclose the subletting conditions. Your landlord should not refuse the sublet unless it is inconvenient to him or at a higher price than your rent.

2. You can ask for 10% higher rent maximum. 20% if you rent it furnished.
Reply With Quote
This user would like to thank Arteemis for this useful post:
  #5  
Old 30.10.2015, 09:07
Sbrinz's Avatar
RIP
 
Join Date: Oct 2011
Location: Murten - Morat
Posts: 11,885
Groaned at 563 Times in 354 Posts
Thanked 11,548 Times in 5,941 Posts
Sbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond repute
Re: Rent and second home

As Arteemis says, you are not allowed to make a profit. Do not forget that your original contract remains in place; if the sub let tenant damages the place, or doesn't pay the rent, it is you that will be covering the costs. Sub letting legally is really not a good idea.
Reply With Quote
The following 2 users would like to thank Sbrinz for this useful post:
  #6  
Old 30.10.2015, 09:11
newtoswitz's Avatar
Forum Legend
 
Join Date: Jan 2010
Location: Rapperswil
Posts: 3,398
Groaned at 57 Times in 53 Posts
Thanked 4,068 Times in 1,855 Posts
newtoswitz has a reputation beyond reputenewtoswitz has a reputation beyond reputenewtoswitz has a reputation beyond reputenewtoswitz has a reputation beyond reputenewtoswitz has a reputation beyond reputenewtoswitz has a reputation beyond repute
Re: Rent and second home

Quote:
View Post
Yes. You will pay tax on the money you receive for the rent (all of it, not just the difference) plus you will pay tax on the rental value on the property you purchase.
Is that really the case - if you sublet, you pay tax on the received money and can't deduct the underlying rent? You'd basically lose 20%+ of it in that case.

I don't have any direct experience but it doesn't sound right, and also I've never seen it mentioned when people suggest sub-letting as a solution for people who need to move quickly.
Reply With Quote
This user would like to thank newtoswitz for this useful post:
  #7  
Old 30.10.2015, 09:20
Sbrinz's Avatar
RIP
 
Join Date: Oct 2011
Location: Murten - Morat
Posts: 11,885
Groaned at 563 Times in 354 Posts
Thanked 11,548 Times in 5,941 Posts
Sbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond reputeSbrinz has a reputation beyond repute
Re: Rent and second home

In the short term, when pressed for time, it can be a workable idea. But to hope to make a profit on the letting remains a dream.

The landlord will never agree to a sub let, even with only a 10% increase, as he could raise the rent more when the first tenant leaves.
He can simply cancel the original contract at the next termination date, by finding one of his relatives that needs to live there.

I am also sure you can offset the tax on the basic rental paid against the rental received.
Reply With Quote
The following 2 users would like to thank Sbrinz for this useful post:
  #8  
Old 30.10.2015, 09:23
Mullhollander's Avatar
Forum Legend
 
Join Date: Dec 2012
Location: Aargau
Posts: 2,572
Groaned at 10 Times in 9 Posts
Thanked 3,585 Times in 1,580 Posts
Mullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond repute
Re: Rent and second home

Quote:
View Post
Yes. You will pay tax on the money you receive for the rent (all of it, not just the difference) plus you will pay tax on the rental value on the property you purchase.
This may vary from canton to canton.

For sub-rents in Canton Lucerne the actual rental costs are to be deducted by the original renter for tax purposes and the sub-rental receipts are to be included as income by the original renter:

1.1 Untervermietung
Einnahmen aus der Untervermietung von Wohnungen oder Zimmern sind nach Abzug der darauf entfallenden Kosten steuerpflichtig. Für möblierte Zimmer kann der Nettoertrag in der Regel folgendermassen berechnet werden:


a) der auf die vermieteten Räume entfallende Mietzinsanteil (pro Zimmer in der Regel der Betrag, der sich ergibt, wenn die gesamte Wohnungsmiete durch die Zahl der Zimmer geteilt wird) ist von der Bruttomiete abzuziehen; b) für alle übrigen Kosten (Heizung, Beleuchtung, Putzmaterial, Wäsche, Abnützung der Einrichtung usw.) sind 20 % der Einnahmen abzuziehen.

http://www.steuerbuch.lu.ch/lustb_b1...mmenvermietung


Having said that, it's never a good idea to get tax advice from a message board.
Reply With Quote
This user would like to thank Mullhollander for this useful post:
  #9  
Old 30.10.2015, 21:39
Newbie 1st class
 
Join Date: Oct 2011
Location: Ecublen
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
ecublen has no particular reputation at present
Re: Rent and second home

Thank you for your all answer.

For current appartment, I have rented rooms to other people for year without annouce to the gerance.
Now I think about another solution: I will continue to rent my appartment but let other people to rent my new appartment. Just don't know which solutioin is more beneficial
Reply With Quote
  #10  
Old 30.10.2015, 22:21
miniMia's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,991
Groaned at 101 Times in 92 Posts
Thanked 9,106 Times in 4,522 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Rent and second home

Quote:
View Post
Thank you for your all answer.

For current appartment, I have rented rooms to other people for year without annouce to the gerance.
Now I think about another solution: I will continue to rent my appartment but let other people to rent my new appartment. Just don't know which solutioin is more beneficial
Just because you've done it doesn't mean you're correct.

Wait until the tax authorities find out. That's what happened to my friend. She was reassessed back taxes for money she received from a flat share.

If you want to rent your new apartment in full you can not use your pension for a down payment.
Reply With Quote
This user would like to thank miniMia for this useful post:
  #11  
Old 30.10.2015, 22:25
Longbyt's Avatar
Forum Legend
 
Join Date: Apr 2008
Location: ZH
Posts: 8,130
Groaned at 57 Times in 53 Posts
Thanked 12,980 Times in 4,732 Posts
Longbyt has a reputation beyond reputeLongbyt has a reputation beyond reputeLongbyt has a reputation beyond reputeLongbyt has a reputation beyond reputeLongbyt has a reputation beyond reputeLongbyt has a reputation beyond repute
Re: Rent and second home

No profile info and no introduction so we don't know if you are permitted to buy a flat to rent out. EU? Swiss? Permit?
Reply With Quote
This user would like to thank Longbyt for this useful post:
  #12  
Old 29.11.2015, 09:23
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Switzerland
Posts: 21,911
Groaned at 399 Times in 307 Posts
Thanked 16,865 Times in 9,511 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Rent and second home

Bit late to the party on this one, but if you're a non-EU national if you buy a property here you have to live in it.

Third-country nationals

You do not require a permit to buy a main residence (e.g. single-family house or owner-occupied flat) or building land where you live if you meet the following requirements:
  • You hold a valid residence permit, generally a B permit for foreign nationals.
  • You will live in that main residence for as long as you hold residence in that location.
  • If you wish to build on the land that you have purchased, you must do so within one year.
https://www.ch.ch/en/real-estate-foreign-national/
Reply With Quote
The following 4 users would like to thank Medea Fleecestealer for this useful post:
  #13  
Old 08.12.2015, 23:40
Guest
 
Posts: n/a
Re: Rent and second home

To sublet you have to have permission from the landlord- and you can't ask for more than 10% over what you are paying, to cover for furniture and fittings for instance. I posted some time back about a landlord finding out after a few years that his tenant was sub-letting (with permission from landlord to whom he had told he was just charging the extra 10% for a furnished let) for much more than the original rent- and the subletter had to pay all the money back for several years.

Last edited by Odile; 10.12.2015 at 15:25.
Reply With Quote
This user would like to thank for this useful post:
Reply




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
Work from second home in Spain (and live there) but be registered in Switzerland MarioMeienberger Business & entrepreneur 6 27.11.2014 07:55
Deducation for Second Office at Home? carcharhinus Finance/banking/taxation 0 14.02.2014 21:18
Buying a second home Phil_MCR Housing in general 1 27.06.2013 23:19
Second home ownership - advice and definition, please annah Housing in general 7 12.02.2009 17:27


All times are GMT +2. The time now is 13:29.


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