Tax deductions for mortgages in Switzerland

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Can I deduct my mortgage from my Swiss taxes?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4072

Hi there,

You cannot deduct the entire mortgage amount from your taxable income. Only the actual cost of the mortgage - meaning the interest you pay - can be deducted.

The tax deduction for mortgage interest payments is limited to 50,000 Swiss francs per year, plus capital gains. Capital gains may include income from renting out your porperty or the imputed rental value of a home which you live in yourself.

In some cantons, interest paid for construction loans is not deductible.

Best regards from Moneyguru

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