Share with your friends

Switzerland: Real estate tax in Geneva, implications of tax reform

Switzerland: Real estate tax in Geneva, tax reform

The Swiss Canton of Geneva has a special feature concerning the taxation of real estate gains. In particular, a special tax on real estate gains applies to all taxpayers, regardless of their status and applies to all real estate transactions.


Related content

Gains realized on dispositions of commercial property by corporations and certain other taxpayers are also subject to "ordinary” income tax in the canton. The special tax on real estate gains is deducted from the amount of ordinary income tax due, and any overpayment is refunded.

The Geneva cantonal measures for tax reform were approved by the voters of Geneva in May 2019, and with this referendum vote, the tax rate on profits will be reduced to 13.99% for legal entities (compared to the current rate of approximately 18.90%) effective 1 January 2020.

KPMG observation

The reduction in the tax rate may encourage investors to reconsider their acquisitions or dispositions of real estate and in particular as to how their real estate transactions are structured.

Read an August 2019 report (French) prepared by the KPMG member firm in Switzerland

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal