Property transfer tax, imputed rental value, deductions, wealth tax, real-estate gains tax, and other aspects
The purchase of a house or a condominium brings changes to your life. For one thing, there are several things to consider when filing your taxes. We have listed the key points here for you.
For you as a new homeowner, therefore, the imputed rental value and the potential tax deductions play an especially important role. The assumption that property ownership always leads to lower taxes is not always correct. The amount of the taxes to be paid periodically depends on the imputed rental value, but also on the type of expenses you incur for upkeep, renovation, or expansion. Gather information before you buy from your bank and from the cantonal tax office concerning what additional factors will affect you when you purchase the property.