If you rent out your property in Switzerland, you will be liable to pay tax on any rental income you earn. If you do not rent out your chalet you are taxed on a notional rental income. This is usually around 70% of market rent. Mortgage interest payments and maintenance costs can also be deducted from your taxable income.

All these taxes are quite small, but typically add up to 0.4% to 0.5% of the property value. Put simply, taxes would add about CHF 4000 to 5000 for a 1 million franc property. Of course, this will vary according to each individual’s circumstances and you are advised to consult a specialist tax accountant.