Parliament discusses abolition of home tax - again

Friday, 27 September 2024 06:30

Will it finally happen?

The Lower House of Parliament is discussing, again, the abolition of the imputed rental value tax charged to home owners.

It’s an extra tax that homeowners must pay on their property.

It’s based on a hypothetical rental value.

It was introduced in 1934.

Virtually everyone agrees it should go as it creates a disincentive to own your own home.

But no one can agree what should replace it.

The issue will go to the Upper House, which will likely deal with it in December.

Even if parliament agrees on abolition – it will still likely to go t a referendum.

So, if you own your own home - don’t hold your breath.

More from Bitesize News

Flu cases explode

Across the country, flu cases are surging earlier than usual, with more than 800 laboratory-confirmed infections reported last week.
Public sector workers march in Geneva

In Geneva, public sector workers marched again yesterday, protesting the 2026 budget and the planned cuts of nearly 300 jobs considered vital to public services.
Most expensive apartment in Zurich

Zurich’s most expensive rental apartment has just hit the market - a newly renovated penthouse on top of the historic Bellevue building.
Swiss winner returns Eurovision trophy

Eurovision is facing a deepening crisis after Swiss singer Nemo, the 2024 winner, announced they are returning their trophy in protest at Israel’s participation in next year’s contest.
Call for 130 limit

Swiss People’s Party National Councillor Andreas Glarner is calling for a return to higher speed limits on Swiss roads.
Firework initiative causes sparks in parliament

Fireworks sparked an emotional debate in parliament yesterday.