20 Minutes. In Switzerland, home owners have to add a theoretical rent to their taxable income. This means home ownership can increase your annual tax bill, sometimes substantially. For many home owners the tax effect of the theoretical or imputed rent is cancelled out by deductions for mortgage interest and home maintenance expenses, however those […]
Proposal to remove Swiss home-owner tax rejected
In Switzerland, those who own the home they live in must add imputed rent to their income when calculating their income tax. This means owner-occupiers are taxed for living in their own homes, an odd concept for some who are new to Switzerland. In addition to paying tax on imputed rent, home owner-occupiers can deduct […]
