Property Maintenance Deductions: Who Qualifies and What You Get
Learn how property owners in Switzerland can deduct specific maintenance costs from their taxable income to reduce their tax burden.
This scheme allows property owners to reduce their taxable income by deducting the costs of maintaining their properties.
Who it's for
This is for property owners who pay for the upkeep and repair of their real estate.
What you get
You can subtract the money you spend on maintenance from your taxable income. This deduction helps lower the total amount of tax you are required to pay.
What it costs you
There is no fee to use this scheme, but you must do the administrative work. You are required to provide official invoices and clear proof that the payments were made.
The catch to know
The tax authorities distinguish between keeping a property in good condition and making it better. Costs for regular maintenance, such as painting, are deductible, but "value-adding" investments—like adding a new balcony—are treated differently and may not qualify for this specific deduction.
How to apply
- Collect all invoices for maintenance and repair work performed on the property.
- Keep receipts or bank statements as proof of payment.
- Report these expenses when filing your tax return.
- Consult the official tax guidelines for your specific region to ensure your expenses meet the requirements.