Two recent popular votes… and a turning point for the taxation of the main residence in Switzerland.
In recent months, two major reforms have been accepted:
1) Abolition of the imputed rental value of the main residence, with entry into force planned for January 2028 at the earliest.
2) Introduction of individual taxation: married couples will file two individual tax returns, probably from January 2032.
In practical terms, for owners from 2028:
– no more taxation of the imputed rental value
– but also no more deduction of mortgage interest
– and no more deduction of maintenance costs
Then, with individual taxation around 2032, the tax value of the property and real estate wealth will have to be split between the two spouses’ tax returns.
PLEASE NOTE: it should be remembered, however, that many details remain to be specified: the Confederation and the cantons will have to adapt their tax laws, which could still affect the practical implementation of these reforms.
One thing is certain: the taxation of the main residence in Switzerland is entering a new phase.