- BenutzernameMoneyland User Questions
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- Registriert seit1/27/17
- Beiträge2142
March 9, 2017, 10:31:01 AM
Can I deduct loans from my taxable income in Switzerland?
Swiss tax deductions for loans
Here you will find the right answers
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- BenutzernameMoneyguru von moneyland.ch
- OrtSchweiz
- Status Expert
- Registriert seit8/4/15
- Beiträge4079
March 9, 2017, 4:26:10 PM
Greetings,
Personal loans are eligible for tax deductions. However, only the actual cost of the loan (the interest charges) can be deducted, and not the loan itself.
You can deduct interest paid on your personal loans over the tax year, up to a maximum deduction of 50,000 francs.
This tax deduction often makes personal loans a better choice than leases (for car purchases, for example). The costs of leasing cannot be deducted from taxable income.
Best regards from Moneyguru
More on this topic:
Personal loans: Tax deductions for interest charges
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