Titlis Resort Engelberg

Engelberg is in the Canton of Obwalden, which has one of the cheapest tax
structures of all the Cantons in Swizerland.
As the Titlis Resoort is a «touristic» development all apartments are authorised for
sale to foreigners. However, to avoid speculation a property can not be resold for
five years except in discretionary cases of ill-health or financial difficulty. After five
years you may resell to a Swiss or to a foreigner. This is a huge advantage as
there are very few properties authorised for sale to foreigners in any of the ski
resort in Eastern Swizerland.
The total purchase costs including taxes, notary fees and land registry fees
payable by the Purchaser will be in the region of 2% of the purchase price. The
vendor will pay half of the land registry fees and half oft the costs for the contract
and noterisation. The change of ownership taxes are to be paid by the Buyer.
Detailed Breakdown
Transfer tax: Total of 1.5% of purchase price (payable by the Purchaser)
Land register fees: 0.15% for purchase price up to 1‘000‘000 Sfrs plus 0.1% for
the entire amount over 1‘000‘000 Sfrs. (The vendor and Purchaser pay half each)
Notary fees: 0.3% up to 300‘000 Sfrs plus 0.2% for the additional amount up to
600‘000 Sfrs plus 0.1% for the amount beyond 600‘000 Sfrs. (The vendor and
purchaser pay half each)
Permit fees for foreigners: 0.04% of the purchase price (The vendor and
purchaser pay half each)
Purchase
costs
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