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. © Ronnie Wu | Dreamstime.com In addition to paying tax on imputed rent, home owner-occupiers can deduct maintenance and mortgage interest costs from their taxable income. For many the overall income-tax effect of home ownership is positive. Imputed...
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© Ronnie Wu | Dreamstime.com - Click to enlarge 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 maintenance and mortgage interest costs from their...
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