As a property owner, a lot changes when it comes to taxes. For example, the imputed rental value will be included in your tax return, ancillary costs will have a mitigating effect and mortgage interest paid will still have an advantage. We give you an overview of the new tax situation and explain the key mechanisms.
People often say ‘you can deduct mortgage interest from your taxes’. This refers to the fact that the mortgage interest paid to the bank can be deducted from your taxable income. This reduces your net income in your tax return and consequently also reduces your tax burden.
As a homeowner, however, you will also be faced with a new issue: the imputed rental value. You have to pay tax on this as income and it is a direct counterbalance to the tax advantage of mortgage interest described above. It is therefore very important to clarify the overall situation with an independent mortgage advisor in order to find the optimum mortgage amount and the best solution for you. In this context, the question of direct or indirect amortisation can also be determined at the same time.
MY HYPOTHECA will find the right mortgage for you. For us, suitable also means that the chosen financing solution takes into account and optimises your individual tax situation. This way you do not save
MY HYPOTHECA impressed us with their expertise and commitment. They were always available and answered all our questions. Thanks to their help, we found the perfect mortgage offer that was tailored precisely to our needs.
Giovanna Macchia & Bruno Reis, Sempach, LU
At MY HYPOTHECA, I particularly appreciate the independent advice, fast service and clear customer focus. These qualities are crucial in finding the best possible financing for my real estate buyers.
Roger Möschler, Owner, RE/MAX Real Estate on Lake Zurich
Keeping track of all the tax implications of buying and owning a home is anything but easy. Aligning this with the decision-making process regarding the optimal mortgage amount and the right term can quickly become overwhelming. An independent mortgage advisor like MY HYPOTHECA can provide you with optimal support on this journey.
The MY HYPOTHECA team of experts is looking forward to an initial discussion