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The purchase of shares in a renewal fund is not tax-deductible

In the case of a property purchase, the share paid for the renewal fund cannot be deducted as a property cost for tax purposes.
The situation of the plaintiff before the Federal Supreme Court, who paid the seller of the condominium unit an amount for his share of the renewal fund, is not comparable to the situation of a condominium owner who pays into the renewal fund. This is because the buyer’s payment in no way and at no time serves to maintain the property, explains the Federal Supreme Court. It is justified that two identical payments are treated unequally under tax law. (Source: BGE 9_391/2023 of 5 January 2024)