No. The rental value applies only to real estate owned directly by the owner. A shareholder of a SIAL, on the other hand, pays rent to the company. This rent generates profit at the SIAL level, which will eventually result in the distribution of taxable dividends to the shareholder. Note that the rental value has been repealed effective December 31, 2028.
Does a shareholder of a SIAL pay rental income tax?
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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).