What Homeownership Costs Are Tax Deductible?

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

We bought our first home in Switzerland in 2017 and did a lot of rennovations, etc. We are interested in knowing which costs associated with owning, repairing and maintaining a house can be deducted from our taxable income.

Thank you in advance for your feedback.

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

Hi there,

moneyland.ch is not a tax advisory service. As a new homeowner, you should consider consulting with a qualified tax advisor because tax laws in Switzerland vary between cantons and municipalities.Typically, these costs can be deducted:

1. Property management costs
2. Liability insurance premiums
3. Glass insurance premiums
4. Water-damage insurance premiums
5. Fire insurance premiums
6. Garden maintenance costs
7. Building renovation costs (when renovation does not increase the property's value).
8. Costs of replacing stationary appliances (heating system, laundry appliances)

Best regards from Moneyguru

More on this topic:
10 Things to Consider Before Buying a Home in Switzerland

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Swiss digital bank

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  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

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