On August 20, the Economic Committee of the Council of States defined the following key points:
- Rental value will be eliminated for primary residences. Secondary residences will not be affected by this policy change out of consideration for the mountain cantons who fear a significant loss in tax receipts.
- On the other hand, property maintenance and renovation expenses will no longer be tax-deductible.
- At the federal level, tax deductions for energy saving and environmental protection expenses will no longer be authorized. Cantons remain free to continue to allow these deductions in their own tax legislation.
Source : UBS immo news