Swiss alpine cantons protest proposed second home tax

Alpine cantons against the new tax on second homes Keystone-SDA

A proposed new Swiss tax on second homes, linked to the abolition of imputed rental values, is irresponsible, say some cantons.

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They argue that this solution is unfair, ill-conceived and economically damaging.

On September 28, the Swiss people will vote on a new cantonal property tax. If it is approved, rental values for property owners will fall.

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Swiss alpine and tourist cantons would be disproportionately affected, they said in a press release. Cumulative revenue losses would amount to around CHF277 million, around CHF150 million for the cantons and communes of Graubünden, Valais and Ticino alone.

+ Swiss divisions highlighted by imputed rent tax

The proposal to introduce a new real tax to compensate for the loss of revenue from second homes is a false and ill-conceived solution, criticised the Confederation of Alpine Cantonal Governments. Its introduction must be approved by the national and cantonal parliaments.

Translated from French with DeepL/mga

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