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Date
28.5.2018
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An uncertainty created by the state regarding the deferred subsequent taxation of deferred property gains has taken a buyer-friendly turn for all buyers in the canton of Zurich thanks to a federal court ruling. While the property with the deferred Real Estate gain was previously regarded as a security instrument if the replacement property was sold again within three years, this is now a thing of the past: The replacement property now guarantees the deferred tax on both properties. Click here for the new circular from the cantonal tax authorities. The change in practice applies with immediate effect – the situation is unclear for mortgages or bank guarantees that have already been transferred and are still active for up to three years due to contractual agreements.
Best regards in real estate
Claude Ginesta
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