We appreciate all we have learned from your videos. Our unfortunate real estate story is as follows: We are being held liable for someone else’s taxes! I am Belgian and my wife is American; both of us are also US citizens. We are retired and our only income is US social security. We bought a modest house in Kanton Solothurn and had no way of knowing how vulnerable we were. In the purchase agreement, buyer and seller agreed that the seller would pay the tax on her profit. However, the Notary did not make us aware that, if the Kanton can’t collect the tax from the seller, the buyer has to pay this tax on the seller’s profit. In our case, the Kanton is unable to collect 35,000 CHF from the seller. So, the Kanton has put a lien on OUR house and is demanding payment from us with interest and under the threat of taking our house. (According to Art. 818 ZGB Schweizerisches Zivilgesetzbuch mom 10. December 1907; SR 210) Lesson: When you buy real property, make sure the purchase agreement includes the withholding for this tax (Grundstückgewinnsteuer). Especially in the German-speaking Kantons, few have a withholding procedure in place.
Oh this sounds terrible. Luckily we have not made such an experience. Always good to have a lawyer buy your side especially in a foreign country. We know that issue so we always doublecheck with a lawyer. All the best for you!
I just came across this Great educative video and am glad it helped me. QUESTION: Am a German citizen and i live in munich Germany. i want to buy houses in Switzerland without mogage. Can this be possible?
Happy our video helped you. As long as you do not have a residence permit C or B this is not directly possible. But there are ways how you can avoid the restriction. I.e. you can set up a GmbH in Switzerland on you name and this company buys the house. The additional costs are very small. In this case best to contact a notary in the region where you want to buy the house. Per canton there are different possibilities. Check with the notary and he can manage the paperwork. If you are looking in Ticino, we can help you with a good notary.
Buying a house in Switzerland also means to be confronted with a lot of burocracy, paperwork, rules and regulation. Not a topic we love. But I think this is the same all over the world. What are your experiences here in Switzerland or in other countries with this topics? Share with us what ahppend to you or where you struggle.... 🤘
thank you for the useful video! could you tell us more about the fees for the notary? what do you pay for exactly, for their time? and how much does this usually cost?
The fee of the notary is about 2% of the price of the property. He deals with all the beaurocratic topics, checks that the ownership is legally transferred and handles the payment - meaning, he collects the money (cash, deposits, oension fonds) and when everything is ready he makes the payment to the previous owner.
Great videos. Great channel! One question, so if you pay your reservation fee and after the bank does not grant you the mortgage, then you loose the reservation fee money?
@@HolamundoCH oh really?, so its always good to pay it and later get it back?...it sounds to me a no-risk decision. In Spain it isn't like this. If you reserve and you later think twice you loose the money of the reservation.
@@HolamundoCH thank you! what confused me a bit that in the "5 reason to buy" video you mentioned that one reason to buy is that you are afraid that due to the economic situation the government might not be able to pay pension so it is good to use it now if we can. But pillar 2. is private, so I thought that somehow you could access the governmental pension payments, the pillar 1.
@@xrambo true that it is called private.... But in my opinion that will make no difference. The money I earn is also private, still I have to pay taxes....... You get what I mean? They take it away anyway.
Danke sehr ! Can you tell us how much all the fees are when buying a house ? Your answered another comment saying the notary fee is about 2%. Are there any other big fees when purchasing a house like a mortgage fee ? Maybe all the fees come out to less than 5% ?
It is a bit difficult to give a clear answer for this in Switzerland, as it varries from canton to canton. The notary fee seems to be the same all over the coutnry and is about 2%. Then you have to pay another 1-2% directly to the land registry and some miner fees to the local government. In total in our case this came up to 4,5%. If you use your pension fonds be aware that you have to pay the taxes for that! From my understanding this is completely unfare beause you pay taxes already when you earn the money. But in reality you pay again when you take them out. In our case it was about 3% of the amount of the pension fonds we took out. So, in the end it adds a bit up. To claim taxes back by the end of the year, I highly recommand a good fiduciary who can help you get back of some of that money again :-).
@@HolamundoCH Thanks for response I have query I am from India I have firm Wanna invest in Zurich where Indian population is there. My firm is interested in investing in commercial property with minimum risk and investment What would be best? Shops or holiday home or small hotels or what? What would be minimum investment,tell in CHF or USD or INR
@@shyamaa9259 If you want to invest in Zurich, I would personally invest in a company/shop - depending on your competence. There are already many hotels. About the min. investment: it is min. 40% of the price of the property to get a mortgage depending on the business plan.
By getting a job, being a pensioner with proven pension fonds, having a remote job with proven income or getting married to a swiss. By the way, swiss unemployment rate is still super low. Finding a job pretty much possible. Once you have a permit you can change jobs as you want.
We appreciate all we have learned from your videos. Our unfortunate real estate story is as follows: We are being held liable for someone else’s taxes!
I am Belgian and my wife is American; both of us are also US citizens. We are retired and our only income is US social security. We bought a modest house in Kanton Solothurn and had no way of knowing how vulnerable we were.
In the purchase agreement, buyer and seller agreed that the seller would pay the tax on her profit. However, the Notary did not make us aware that, if the Kanton can’t collect the tax from the seller, the buyer has to pay this tax on the seller’s profit.
In our case, the Kanton is unable to collect 35,000 CHF from the seller. So, the Kanton has put a lien on OUR house and is demanding payment from us with interest and under the threat of taking our house. (According to Art. 818 ZGB Schweizerisches Zivilgesetzbuch mom 10. December 1907; SR 210)
Lesson: When you buy real property, make sure the purchase agreement includes the withholding for this tax (Grundstückgewinnsteuer). Especially in the German-speaking Kantons, few have a withholding procedure in place.
Oh this sounds terrible. Luckily we have not made such an experience. Always good to have a lawyer buy your side especially in a foreign country. We know that issue so we always doublecheck with a lawyer. All the best for you!
Ouch, really painful experience! The only way is to contact the seller and threaten them. They should have the money from the sale after all.
I just came across this Great educative video and am glad it helped me.
QUESTION: Am a German citizen and i live in munich Germany. i want to buy houses in Switzerland without mogage. Can this be possible?
Happy our video helped you. As long as you do not have a residence permit C or B this is not directly possible. But there are ways how you can avoid the restriction. I.e. you can set up a GmbH in Switzerland on you name and this company buys the house. The additional costs are very small. In this case best to contact a notary in the region where you want to buy the house. Per canton there are different possibilities. Check with the notary and he can manage the paperwork. If you are looking in Ticino, we can help you with a good notary.
Buying a house in Switzerland also means to be confronted with a lot of burocracy, paperwork, rules and regulation. Not a topic we love. But I think this is the same all over the world. What are your experiences here in Switzerland or in other countries with this topics? Share with us what ahppend to you or where you struggle.... 🤘
Very useful video. Thank you very much :)
Very welcome. If you need some more info, feel free to ask us!
thank you for the useful video! could you tell us more about the fees for the notary? what do you pay for exactly, for their time? and how much does this usually cost?
The fee of the notary is about 2% of the price of the property. He deals with all the beaurocratic topics, checks that the ownership is legally transferred and handles the payment - meaning, he collects the money (cash, deposits, oension fonds) and when everything is ready he makes the payment to the previous owner.
if you have a registered AG in Switzerland - can the AG be the owner of the property?
Yes that is possible. Just check about the mortgage. As far as I am informed, you need to bring 50%.
Great videos. Great channel!
One question, so if you pay your reservation fee and after the bank does not grant you the mortgage, then you loose the reservation fee money?
No, for the reservation fee you always have a contract. In case you will not buy it for whatever reason, you will get your money back.
@@HolamundoCH oh really?, so its always good to pay it and later get it back?...it sounds to me a no-risk decision. In Spain it isn't like this. If you reserve and you later think twice you loose the money of the reservation.
@@lluhu you will get it back!
thank you so much for this video! When you say "pension" which pillar do you mean? 1,2 or 3?
Pillar 2.
@@HolamundoCH thank you! what confused me a bit that in the "5 reason to buy" video you mentioned that one reason to buy is that you are afraid that due to the economic situation the government might not be able to pay pension so it is good to use it now if we can. But pillar 2. is private, so I thought that somehow you could access the governmental pension payments, the pillar 1.
@@xrambo true that it is called private.... But in my opinion that will make no difference. The money I earn is also private, still I have to pay taxes....... You get what I mean? They take it away anyway.
Danke sehr ! Can you tell us how much all the fees are when buying a house ? Your answered another comment saying the notary fee is about 2%. Are there any other big fees when purchasing a house like a mortgage fee ? Maybe all the fees come out to less than 5% ?
It is a bit difficult to give a clear answer for this in Switzerland, as it varries from canton to canton. The notary fee seems to be the same all over the coutnry and is about 2%. Then you have to pay another 1-2% directly to the land registry and some miner fees to the local government. In total in our case this came up to 4,5%. If you use your pension fonds be aware that you have to pay the taxes for that! From my understanding this is completely unfare beause you pay taxes already when you earn the money. But in reality you pay again when you take them out. In our case it was about 3% of the amount of the pension fonds we took out. So, in the end it adds a bit up. To claim taxes back by the end of the year, I highly recommand a good fiduciary who can help you get back of some of that money again :-).
@@HolamundoCH Merci viel mal !
I have heard that one can buy commercial property if from outside Europe!without residing in the nation
Correct?
Yes that is correct!
@@HolamundoCH Thanks for response
I have query
I am from India
I have firm
Wanna invest in Zurich
where Indian population is there.
My firm is interested in investing in commercial property with minimum risk and investment
What would be best?
Shops or holiday home or small hotels or what?
What would be minimum investment,tell in CHF or USD or INR
@@shyamaa9259 If you want to invest in Zurich, I would personally invest in a company/shop - depending on your competence. There are already many hotels. About the min. investment: it is min. 40% of the price of the property to get a mortgage depending on the business plan.
@@HolamundoCH
THANKS for answering me.
Best of luck 👍
Thanks a lot 🙏😍
If buying a property doesn’t give you residency then how do you get residency permit in Switzerland?
By getting a job, being a pensioner with proven pension fonds, having a remote job with proven income or getting married to a swiss. By the way, swiss unemployment rate is still super low. Finding a job pretty much possible. Once you have a permit you can change jobs as you want.
What about the Portuguese citizens? Can they buy h'me there?
You can buy a home in Switzerland with a european passport.
Indian citizen can buy home in citizenship
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Извинявай за тази стара чанта ми намекваш със изтъркан лак съжалявам не ,2024😊😊😊😊