Swiss Voters to Decide on Second Home Tax Reform

Government backs constitutional amendment for new property tax system on second homes, aimed at reforming controversial imputed rent system.

Key Takeaways

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Swiss voters will decide on a constitutional amendment for second home taxation on September 28, 2025
The reform would abolish imputed rent on main and second homes while reducing tax deductions
Cantons would have the authority to decide whether to implement the new second-home tax
First-time buyers of primary residences would receive temporary interest payment deductions

By The Numbers

1.8 billion CHF

Potential revenue decrease at 1.5% mortgage rates

3%

Interest rate threshold for revenue increase

They Said

"The overhaul is meant to curb incentives to take on debt and to simplify the tax system for households and cantonal administrations alike"
— Government Statement

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