Selling price
- property valuation: advice and accurate valuation on request to determine the selling price
- includes commission and advertising costs.
Type of agency contract
| Exclusive | the vendor places the property for sale with a single agency, commission 5% + VAT until CHF 2'000'000.-, 4% + VAT up to 2 millions |
| Non-exclusive | the vendor himself places the property for sale with several agencies, commission 5% + VAT until CHF 2'000'000.-, 4% + VAT up to 2 million |
| With control | the vendor hires the services of an estate agent, which will forward the sales documentation to other member agencies of the AGIV (Association of Estate Agents of Verbier) / commission 6% + VAT until CHF 2'000'000.-, 5% + VAT up to 2 millions |
Rules on housing sales set out in the Cantonal Regulation of 21 November 2012:
Sale between Swiss citizens : No permit is needed. No time limit applies
Sale from a Swiss citizen to a foreigner : A property situated on the territory of the canton must have been owned for five years before it can be resold. A declaration of intent is signed by the potential purchaser and forwarded by the notary to the Land Registry. Following the committee meetings, the appropriate authority issues a guarantee that a unit from the quota is available. This guarantee remains valid for one month. The deed of purchase/sale must be signed before this period of one month expires. Possession cannot be taken before the permit to purchase has been received.
Sale between foreign citizens: A person domiciled abroad who has acquired a holiday home more than 5 years ago (the date is determined by the date of entry of the deed in the land register) and for which a unit was granted from the quota is authorized to sell to another foreigner.
Sale by a foreigner to a Swiss citizen : The property must have been owned for five years before it can be resold.
Sale of a property which is either new or under construction to a foreigner
A person domiciled abroad is authorized to purchase an apartment or chalet which is either new or due to be built. He must first sign a declaration of intent which is forwarded by the notary to the Land Register. Following the committee meetings, the appropriate authority issues a guarantee that a unit from the quota is available. This guarantee remains valid for one month. The deed of purchase/sale must be signed before this period of one month expires.
Taxation
In the case of resale, capital gains tax is payable, calculated on the difference between the selling price and the purchase price increased by costs (contract, sales commission, costs of conversion and other lasting improvements that increase the value of the property, etc). Tax liability varies according to the amount of profit and the duration of the ownership.
Degressive tax rate depending on the duration of the ownership. See the current tax rates.
For more details or particular information, our sales department will be happy to oblige +41 27 775 27 52 or by filling out the form below
