Tag Archives: Fictional rent Switzerland

Currently, home owners in Switzerland must pay tax on fictional rent, calculated based on a home’s size and location. At the same time home owners get to deduct mortgage interest and home maintenance costs from their taxable income. ©-Stefano-Ember-_-Dreamstime.com_ - Click to enlarge The system was designed to bring the taxation of home owners into line with that of renters. The logic is sound. Renters must pay rent...

Currently, home owners in Switzerland must pay tax on fictional rent, calculated based on a home’s size and location. At the same time home owners get to deduct mortgage interest and home maintenance costs from their taxable income. © Stefano Ember | Dreamstime.com The system was designed to bring the taxation of home owners into line with that of renters. The logic is sound. Renters must pay rent out of their after tax income, while homeowners get to enjoy their their homes tax free, a kind...