Similarly,
Real estate tax second homes:
On September 28, 2025 the Swiss people expressed cantonal real estate tax on second homes.
Anyone who has a building and uses it must declare rental value as a taxable income. For example, In return, passive interests and maintenance costs are deductible from taxable income. For example, Parliament has decided to modify the law to abolish the taxation of rental value and limit tax deductions. Nevertheless, The modification applies to both main and secondary residences. For example, He also decided to modify the Constitution so that the cantons could receive a special real estate tax on. secondary residences essentially for personal use.
As changes in the Constitution must be accepted by the people. the cantons, the special real estate tax is subject to the vote. However, the abolition of the taxation real estate tax second homes of the rental value is legally linked to the modification of the Constitution. The vote will therefore decide on the whole: if the special real estate tax is rejected. the taxation of the rental value will be maintained. Additionally, The reform influences the tax burden of housing owners. therefore on the revenues of the Confederation, the cantons and the municipalities. The increase or decrease in tax revenue will greatly depend on mortgage rates. Regarding secondary residences. the evolution of revenues will depend on the cantons, which will have all latitude to apply or not the special real estate tax. Tourist cantons, in particular, may need to compensate for the drop in tax revenue related to second homes.
Recommendation of the Federal Council and Parliament – Real estate tax second homes
The abolition of the taxation of the rental value simplifies the tax system. reduces real estate tax second homes incentives to the debt of households. The special real estate tax allows the cantons concerned to ensure tax revenue on second homes.
Position of the minority of the parliament
A minority of the Parliament rejects the reform. A part wants to maintain the taxation of the rental value on the grounds that the abolition benefits mainly to the owners of their accommodation. that it can lead to a drop in state tax revenue. Another party wants to keep at least tax on second homes.
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