§ 28 Tax Act (StG) - Immovable Property

1. Taxable are the proceeds from immovable property, in particular

a. all income from leasing, renting, usufruct, or other utilization,

b. the rental value of real estate or parts of real estate that are available to the taxpayer due to ownership or a gratuitous right of use for personal use,

c. income from building lease contracts,

d. income from the exploitation of gravel, sand, and other components of the soil.

2. The rental value shall be determined moderately, taking into account the promotion of home ownership and self-care. It amounts to 70 percent of the average market rent. The average market rent corresponds to the average rent that would be achievable for comparable rental properties in a comparable location.

3. ...

4. The rental value of properties that taxable persons permanently occupy at their place of residence shall be appropriately reduced upon request, if it leads to an excessive burden in relation to the means available to the taxpayer and other persons living in the same household for covering living expenses. The details are regulated by the government council.

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