Selling a home/moving house
We recommend that anyone interested in selling a house or apartment sets about planning the sale at an early stage in a structured manner.
The key points of good real property sales planning are listed below:
Real property gains tax is payable if the sales proceeds generated are higher than the original investment cost. The capital gain on a private property is exempt from direct federal tax, but is taxed in the canton where the property is located.
If, however, you intend to buy a home within a given period of time set at cantonal level, you can apply to have the real property gains tax payable deferred.
When moving house, you should plan the mortgage of the new property at an early stage so that you can avoid having to finance both the new property and the old property at the same time; down-payments and deposits are often required before the capital from the sale is available.
You should contact a realtor to draw up the right solution for you.
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