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Old 16.04.2009, 13:11
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Non-resident owning Swiss property

Hi All,

After 5 years living in Basel we are thinking of moving to France, Ireland or the UK.

We own an apartment in Basel (with a mortgage).

We are both from EU countries.

What is the position about foreigners owning property in Switzerland?

We are thinking of renting out our apartment - any snags?

regards
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Old 16.04.2009, 13:25
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Re: Non-resident owning Swiss property

shouldn't be a problem. many people with EU passports and resident in those countries have properties in CH e.g. ski chalets, which they may also rent.

apart from the logistics of managing the property and sorting out the taxes: getting credits here for declaring the property/income where you are resident, i think you will be okay.

personal reasons aside, i think you're mad to be going back in the current climate.
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Old 18.04.2009, 17:15
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Re: Non-resident owning Swiss property

Basically resident EU citizens have the same property right as the Swiss

Non resident might be limited to "foreign owner" approved units in some towns, esp ski resorts.

If as you are contemplating you buy while resident and then leave you are fine.

If you only owned for <5 years you might find the tax on any sale quite punitive (to discourage speculation) so your rental option could make a lot of sense, particularly given low CHF mortgage levels.

Daniel
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Old 19.04.2009, 22:36
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Re: Non-resident owning Swiss property

Better check the Lex Koller details of your canton (as usually in CH it seems to vary by canton). If you move abroad and do not have a resident permit anymore, you might face limitations to renting out your property.
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Old 07.06.2009, 11:22
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Re: Non-resident owning Swiss property

Thanks for all responses!

We have decided to sell our apartment and are starting to extricate ourselves from the Switzerland - looks like a complicated process!

cheers
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