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Old 05.06.2019, 14:12
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buying an apartment for the in laws in Baselland

Hi all,

My in laws, who lives abroad, wants to buy an apartment close to us in Allschwil, and spend some months every year here. They have an EU passport, but no permit, so since it is not a holiday home I understand that it should be on our name. (Oder?)
The question is mainly how it will effect our tax, since we will be the owners but wont live there, or rent the apartment (and they will actually invest 2/3 of the money, while the rest will be interest on the mortgage to the bank that we will pay.....) will it still be calculated as 70% estimated rent income added to our yearly tax? and is there a way to deduce wealth tax due to that situation?

Thank you in advance for any helpful information

Carmit
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Old 05.06.2019, 14:46
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Re: buying an apartment for the in laws in Baselland

Depends on your permit. B permit holders can only buy a place to be their main residence, i.e. you'd have to live in it. C permit holders can buy property without such a condition. Still if they have EU passports it shouldn't be difficult for them to buy a property here, though if they don't spend the majority of their time here it would probably be considered as a holiday home.

https://www.ch.ch/en/homeownership/

Check with the gemeinde to see what they have to say.
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Old 06.06.2019, 11:49
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Re: buying an apartment for the in laws in Baselland

Thank you for the link, it has a lot of information and I will read it now.
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