«Martin Brown1 1. Overview 1.1 Characteristics and developments The majority of Swiss households live in rented apartments or houses. Nevertheless, ...»
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The federal administration also offers guarantees to households which do not meet the equity requirements of the banking sector. So far, however, federal guarantees have played an insignificant role in encouraging home ownership in Switzerland. The two coperatives which channel guarantees to households have issued only 300 guarantees since 1992.
R Bichsel and C Spielmann, “State-owned banks as competition enhancers, or the grand illusion”, memo, Swiss National Bank, 2004.
Note that both income and wealth tax are collected at the federal, canton and municipal levels. Federal taxation of imputed rent is harmonised across cantons, while canton-specific taxation differs.
In some cantons, a special property gains tax rather than income tax is collected in order to prevent progressive taxation of other income.
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