The property transfer tax is generally levied as a legal transaction tax when the property is transferred. Whether or not a profit was made on the property transaction is irrelevant – it can even be due in the case of losses. What is significant, however, is the canton in which the transfer took place.
If you wish sell your property, you have many options. You can sell the property yourself – to do this, most vendors place listings in the appropriate online real estate portals. This is extremely economical as well as practical since these websites are specifically visited by prospective buyers searching for properties. As a vendor, you must of course take care to provide as much important information as possible since prospective purchasers can filter their searches according to various criteria. We have put together additional tips for you in this informational chart on the subject of selling property on your own.
Sole ownership, joint ownership, co-ownership – when buying a property, there are different forms of home ownership. Co-ownership in particular is widespread in Switzerland. Whether you’re siblings, a married couple or business partners, it’s important to be aware of the differences, pros and cons.
The creation of a renovation fund is not required by law. However, if the regulations provide for the establishment of a renovation fund, this provision must be complied with. It is advisable to create the renovation fund already in the first year after completion of the property. The contributions paid in are earmarked and serve to maintain the value of the property. They are intended in particular for future renovation work, such as on the roof, building technology or on the building envelope.
Purchasing condominium ownership involves specific legal and organizational considerations. This article outlines which documents and regulations should be carefully reviewed before buying – from land register extracts and easements to the regulations and the renewal fund. It provides prospective buyers with a concise guide to making a well-informed decision.
Property ownership can result in a variety of taxes. These are generally determined by the location of the property – namely, in the canton where the property is located. This means that one person owning property in various cantons may be liable to pay taxes to different cantons. In such cases, different cantonal taxation systems come into effect, with the result that the taxation of property can easily become a rather complicated issue.
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Engel & Völkers Switzerland
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6300 Zug | Switzerland
Tel: +41 41 500 06 06