Tax policy –
The suppression of the rental value saved by the senators
The debates on rental value are coming to an end. The project adopted by the Council of States this Wednesday also includes second homes.
Published today at 1:26 p.m.
The conciliation between the two chambers also includes secondary residences.
KEYSTONE/Ennio Leanza
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The project to eliminate the rental value is saved. Although it was clearly opposed to it, the Council of States accepted on Wednesday by 22 votes to 15 the conciliation proposal which also includes second homes.
After seven years of discussions, the project to eliminate the rental value is at an end. The National Council should accept the conciliation proposal since it has retained its project.
The National had extended the latest project to second homes. In return, maintenance costs will no longer be deductible and passive interest will only partially be deductible.
In the Council of States, the UDC and the PLR supported this version, believing that it had many advantages and that the aim was still to abolish the rental value. The left and some centrists opposed it. Pascal Broulis (PLR/VD) criticized a “mediocre result”
Many advantages
“The desire to abolish the rental value has won,” said Erich Ettlin (C/OW). “This solution has many advantages,” further underlined Martin Schmid (PLR/GR). The PS and the Greens as well as certain members of the Center voted against. Pascal Broulis (PLR/VD) criticized a “mediocre result”.
The problems far outweigh the advantages, for his part castigated MP Samuel Bendahan (PS/VD). There are many losers, notably construction companies which take action against undeclared work. The winners are the owners who have significant equity.
Obstacles still important
The effective abolition of the rental value should still take time. The project must still pass the final votes. In addition, the abolition of the rental value is linked to another file.
In order to compensate for the loss of revenue for tourist cantons, the National Council is proposing a new tax on second homes, which would come into force at the same time as the abolition of the rental value. The cantons would, however, be free to levy such a tax.
The new tax requires a modification of the Constitution with a compulsory referendum and therefore a yes from the people and the cantons. Last week, however, the Council of States did not want to discuss this project. On Thursday, he will make a second attempt. The National tacitly confirmed its entry into the project on Wednesday.
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