Tag Archives: Imputed rent Switzerland

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. © Ana Vasileva | Dreamstime 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 who have repaid their mortgage or never...

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. © Ana Vasileva | Dreamstime 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 who have repaid their mortgage or never had one can be forced to pay substantially more tax for the the pleasure of...

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. © Ana Vasileva | Dreamstime 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 who have repaid their mortgage or never had one can be forced to pay substantially more tax for the the pleasure of...

© 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...

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...