Secondary residences and taxes

Although it's subject to taxes in the country where it's located when acquiring a second home abroad, it's also mandatory to declare it in Switzerland. This is because Switzerland does not apply any tax on second homes abroad, but their value is taken into account when determining the wealth and income tax rate.

How the tax value is determined varies from canton to canton. Some cantons use the purchase price from the date of purchase (Geneva), while others use the average rate for the year of purchase (Neuchâtel), or some have an allowance (Vaud).

Given the complexity of these tax issues, it makes sense to seek professional advice. Our wealth and estate planning experts can help you with your projects at every stage of your life and find the solution that suits you best.

The next episode will offer a captivating exploration of the best places to invest in. Get expert advice and choose the most promising destinations.

Episode #1

A second home within reach

Make your holiday home dreams come true

Episode #2

Financing your dream second home

Explore financing and define your budget

Episode #3

Second homes and taxes

Discover the impact of a second home on your taxes

Episode #4

Exceptional locations

Where to buy your second home

Go to episode 4

Episode #5

Rental management and maintenance

The keys to a well-maintained property

What our clients say about us.

Piguet Galland offered us a number of different scenarios to help us through this major change in life, retirement.

Noémie Prod'hom
Happiness is knowing that I have someone who will bring their expertise to advise me and ensure my life is carefree.

Marie-Laure Favre
At Piguet Galland, the human factor takes center stage. We genuinely listen to understand and provide solutions, not merely to sell."

M’Bayang Thiam
I wanted to purchase and renovate a house through an auction, which required immediate payment. Fortunately, your company performed exceptionally well."

David Vuadens
Piguet Galland is the financial partner that's close to my heart. I have complete trust in them. In this bank, you get to know them on a personal level, and that's of utmost importance."

Ann Evard
The aspect of the Bank that resonated with me in the past and to this day is trust, which is conveyed through a sense of closeness and, most importantly, a dedicated point of contact."

Anthony Picard
What I value most about Piguet Galland is the service and the trust-based relationship I have built with the various advisors I have worked with over the past thirteen years, all of whom have consistently been excellent."

Dominique Lauener
Throughout the years of building a trusting relationship with Piguet Galland, I have realized that a bank can be a lifelong partner for significant milestones."

Franck Neveu