Home owner tax on brink of abolishment - or not

Thursday, 19 December 2024 06:30

Is the much-maligned tax that home owners have to pay on the way out – or not?

A parliamentary vote has moved the abolition closer – but there ‘s still another vote to go.

Home owners must pay a tax based on a hypothetical rental value. It’s widely hated but how it should be replaced is the difficult question.

If the tax goes, then so would the ability to offset mortgage interest payments against tax, as well as renovation costs.

Another vote is due tomorrow, and some parliamentarians who voted in favour earlier have already indicated they may change their vote.

So, it’s still very uncertain if any change is coming.

More from Bitesize News

Swiss Post announce job cuts

Swiss Post will eliminate up to 110 positions in 2027, blaming shrinking letter volumes and fewer over-the-counter transactions
Autumn arrives in Switzerland

The heatwave that has gripped Switzerland since May finally breaks tomorrow
Driver warning in Vaud

Drivers in western Vaud face four nights of disruption on the A1 next week.
Mixed results in school classrooms

Swiss 15-year-olds still rank among the world's best in maths and science, but their performance in reading and maths is sliding
Good news for household bills

Swiss households will pay a little less for electricity next year
Fuel reserves now in use

Switzerland is dipping into its emergency fuel reserves for the first time this year to keep petrol and diesel flowing