The general rule will be the elimination of the deductibility of interest expenses (personal loans, Lombard loans, mortgages for owner-occupied housing). Exceptions apply to rental properties (proportional method) and first-time homebuyers (deduction capped over 10 years).
How will interest expense be treated after January 1st, 2029?
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About the Author: Attorney Cedric PANCHAUD
Cédric Panchaud is an attorney, holds a doctorate in law, is a licensed notary, and is a certified tax expert. He heads PANCHAUD Tax & Legal SA, an independent firm in Geneva specializing in taxation of individuals and corporations, real estate taxation, occupational pension plans, and corporate restructuring. He regularly serves as a speaker at continuing education seminars (ISIS, OREF/EXPERTsuisse).