Does the abolition fail on the team?

After a long struggle, the parliament has agreed on a template to abolish the rental value. The coordination is voted in September. A tremor is emerging for the supporters of the controversial system change.

Many of the cantons are skeptical of the system change – also because they face great loss of income. This applies especially to the mountain cantons with a high second home share. After a long struggle, the parliament has spoken out for a complete system change. What does it mean: The rental value should also fall for second homes.

The cantons are expected to position themselves. The conference of the cantonal governments (KDK) wants to discuss the business at its plenary meeting next week. That at the request of the Finance Directors’ Conference (FDK), as its general secretary Peter Mischler confirms. The resistance to the template was obviously great among the cantonal financial directorates.

It will be a tremor

Mischler does not reveal the voice relationship, but he says: « In order for the KDK to make a recommendation for voting, the consent of at least 18 cantons is needed. » If you had no chances of reaching such a clear majority, one would not have applied for a position coverage of the cantonal governments, he says. Already in the consultation, many cantons had clearly spoken out against the template – many preferred the status quo.

The template is already fighting with a strong headwind. Say the mountain cantons of Uri, Obwalden, Nidwalden, Glarus, Appenzell Innerrhoden, Graubünden, Ticino and Valais and the traditionally tenant -friendly cantons of western Switzerland No, the vote on the big tremor. If another canton tilts the no, the abolition failed. And with a clear position cover of the KDK, this is a probable scenario.

The opponents of the own rental value can count on the trade association (SGV). This supports the system change with « a clear majority », as he writes. That is surprising. In February, an article appeared in the newspaper of the trade association that propagated the opposite. « The SGV clearly speaks against a reform that at the same time accumulates the abolition of essential tax deductions and the creation of new taxes, » wrote the head of tax policy.

Back and forth at the trade association

Shortly afterwards he was whistled back, the article was deleted online. The newspaper was long since printed and sent. The text can also be read in the corresponding e-paper. The director of the trade association told the NZZ that the author was « pretended » and that no slogan was yet decided.

There are concerns about the trade that there will be fewer orders in the future without the deduction options for maintenance work. It would have preferred the bourgeois trade association that the self -rental value would have been abolished without the deduction options being canceled. However, this would have led to much larger losses for the tax authorities and significantly increased the risk of falling for the template.

The price tag is otherwise high. At a mortgage level of 1.5 percent, failures of CHF 1.78 billion are expected. Among other things, through the customs policy of US President Donald Trump, the festival mortgages are currently sinking. According to the Comparis comparison service, the average for a five -year mortgage is 1.5 percent.

The tax administration has recently also calculated a scenario for the abolition of the own rental value at an interest rate of 1 percent. Then the failures are already CHF 2.45 billion. With an interest rate level of 3 percent, however, the system change would be without consequences for the state treasury, if it increases even higher, the state even makes a profit – however, this is the much less likely scenario than a further decrease in interest rates.