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29Jan2015
Limitations to debit interest deductions
Since 1 January 2001, deduction of debit interest is subjected to certain limitations.
When a property is excessively encumbered by mortgages, it may happen that debit interest can no longer be deducted. However, debit interest can be deducted from income up to a return on assets (real and non real estate) over CHF 50,000, and this applies to both cantonal and communal tax.
Articles on taxation:
- Marginal tax rate
- Transfer duties
- Rental value
- Tax on real estate gains
- Real estate gains
- Land tax
- Maintenance costs
- Standard deduction
- Annuity from the right to land occupancy
- Distribution of interest expense
- Life insurance financed by third party funds
- Deduction of construction loan interest