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New tax deductions for house owners

Amendment of the Property Costs Regulation

After the Energy Act was passed by Parliament and approved by more than 58% of the Swiss electorate in a referendum, the Swiss Federal Council amended the Property Costs Regulation for direct federal tax among others. In particular, this regulation defines the tax deductions newly adopted in the Energy Act such as the restoration expenses incurred in connection with a replacement construction. The provisions enter into force on 1 January 2020.