When constructing a building for the purpose of sale it is important from a VAT perspective, whether the sale classifies for VAT or is VAT exempted. With the definitive VAT practice information no 05 the Swiss Tax Authorities have published their new practice for the classification between taxable factory deliveries and VAT exempt land sales. The new regulation applies to all transferor of newly constructed or rebuilt buildings and/or objects regardless if they provide own work in the creation of the conversion or not and no matter how their company's name is or the name under which they occur in the market. Please contact us for a detailed analysis or advice on your personal situation.
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