END OF THE TAXATION OF THE RENTAL VALUE?
NEW SPECIAL REAL ESTATE TAX ON SECONDARY RESIDENCES?
On September 28, 2025, the Swiss people and cantons will vote on an amendment of the Federal Constitution aiming to introduce a new provision authorizing cantons and communes to levy a special real estate tax with the owners of secondary residences situated in their territory. The special real estate tax is to come in addition to the present annual real estate tax levied with real estate owners in Switzerland. The concrete aspects of this new tax remain presently nebulous, they will be fixed by the competent authorities, at cantonal and communal levels, after September 28,2025 should the vote find a positive echo with a majority of the Swiss voters and Swiss cantons.
Sibilla G. Cretti, September 2025
