The Council of States’ Economic Affairs and Taxation Committee (EATC-S) has now also decided in favor of a complete system change, which includes second homes. Regarding the deduction of mortgage interest, it aligns with the concept proposed by the National Council, thereby resolving the key differences between the two chambers.
The abolition of the imputed rental value is likely to be decided by the public, at least indirectly: the EATC-S proposes linking the law’s enactment to the introduction of a property tax. This requires a constitutional amendment, which is subject to a mandatory referendum.
Regarding the media release of the EATC-S: https://www.parlament.ch/press-releases/Pages/mm-wak-s-2024-11-12.aspx