NEW DEVELOPMENTS
property from a municipal and Canton level . Taxable rental income is calculated by deducting rental cost from generated rental income . The taxable rental income is taxed at a rate dependant on the owner ’ s worldwide income tax bracket and can differ drastically depending on the tax residency of each owner . Capital Gains Tax or real Estate Gain Tax becomes payable when a property is sold for a higher price than the original purchase price . The gain / profit is taxed at a rate that is dependent on the number of years the property was owned . Wealth Tax is only taxed on a national / federal level and is therefore dependent on the tax residency of the owner and is only paid where the owner is resident .