{"id":163,"date":"2024-12-09T17:01:00","date_gmt":"2024-12-09T15:01:00","guid":{"rendered":"https:\/\/hawai.li\/de-le-court\/?p=163"},"modified":"2026-04-07T18:43:25","modified_gmt":"2026-04-07T16:43:25","slug":"investment-in-foreign-collective-investment-schemes-in-property-what-is-the-tax-situation-for-swiss-investors","status":"publish","type":"post","link":"https:\/\/dlctax.ch\/en\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\/","title":{"rendered":"Investing in foreign collective capital investment schemes (CCIS) in real estate, what is the tax implication for Swiss investors?"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\ud83d\udc49 One can hold a real estate investment directly (\u00abin their own name\u00bb) or through a company (real estate company).<br><br>You can also hold a real estate investment through a PCC (collective investment scheme or other). In this case, when the PCC directly owns the properties, taxation does not occur at the investor level, but at the PCC level. What about foreign real estate PCCs?<br><br>\ud83d\udc49 A foreign real estate CIV that directly holds properties is also taxed at the CIV level for the Swiss investor. There is therefore no taxation of the investor. This is all the more true when the CIV is subject to foreign supervision.<br><br>This solution is not only compliant with the law but also allows the investor to make their choice given the competitive neutrality at their level between a Swiss real estate SICAV or a foreign real estate SICAV.<br><br>The ruling is in German. It is a case from St. Gallen. Publication in the Federal Supreme Court decisions is planned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Federal Tribunal, judgment 9C_757\/2023, of 9 December 2024<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc49 On peut d\u00e9tenir un investissement immobilier en direct (\u00ab\u00a0en nom\u00a0\u00bb) ou via une soci\u00e9t\u00e9 (immobili\u00e8re). \ud83d\udc49 On peut aussi d\u00e9tenir un investissement immobilier via un PCC (fonds de placement ou autre). Dans ce cas, lorsque le PCC d\u00e9tient directement les immeubles, l&rsquo;imposition ne se fait pas au niveau de l&rsquo;investisseur, mais au niveau du [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investissement dans des placements collectifs de capitaux (PCC) immobiliers \u00e9trangers, quelle fiscalit\u00e9 pour l&#039;investisseur suisse? - de le Court<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dlctax.ch\/en\/investment-in-foreign-collective-investment-schemes-in-property-what-is-the-tax-situation-for-swiss-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investissement dans des placements collectifs de capitaux (PCC) immobiliers \u00e9trangers, quelle fiscalit\u00e9 pour l&#039;investisseur suisse? - de le Court\" \/>\n<meta property=\"og:description\" content=\"\ud83d\udc49 On peut d\u00e9tenir un investissement immobilier en direct (\u00ab\u00a0en nom\u00a0\u00bb) ou via une soci\u00e9t\u00e9 (immobili\u00e8re). \ud83d\udc49 On peut aussi d\u00e9tenir un investissement immobilier via un PCC (fonds de placement ou autre). Dans ce cas, lorsque le PCC d\u00e9tient directement les immeubles, l&rsquo;imposition ne se fait pas au niveau de l&rsquo;investisseur, mais au niveau du [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dlctax.ch\/en\/investment-in-foreign-collective-investment-schemes-in-property-what-is-the-tax-situation-for-swiss-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"de le Court\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T15:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T16:43:25+00:00\" \/>\n<meta name=\"author\" content=\"brigitte\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"brigitte\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dlctax.ch\\\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dlctax.ch\\\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\\\/\"},\"author\":{\"name\":\"brigitte\",\"@id\":\"https:\\\/\\\/dlctax.ch\\\/#\\\/schema\\\/person\\\/e0cf2e9532dd5ea2760e7efc18d17a87\"},\"headline\":\"Investissement dans des placements collectifs de capitaux (PCC) immobiliers \u00e9trangers, quelle fiscalit\u00e9 pour l&rsquo;investisseur suisse?\",\"datePublished\":\"2024-12-09T15:01:00+00:00\",\"dateModified\":\"2026-04-07T16:43:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dlctax.ch\\\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\\\/\"},\"wordCount\":191,\"publisher\":{\"@id\":\"https:\\\/\\\/dlctax.ch\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dlctax.ch\\\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\\\/\",\"url\":\"https:\\\/\\\/dlctax.ch\\\/investissement-dans-des-placements-collectifs-de-capitaux-pcc-immobiliers-etrangers-quelle-fiscalite-pour-linvestisseur-suisse\\\/\",\"name\":\"Investissement dans des placements collectifs de capitaux (PCC) immobiliers \u00e9trangers, quelle fiscalit\u00e9 pour l'investisseur suisse? 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