Right on schedule with the elimination of the imputed rent value, the Zurich City Tax Office has published its new practice for taxing real estate developers. This tightening of practice will lead to a massive increase in the tax burden.

In today’s NZZ, Samuel Ramp explains why this practice deviates from Federal Supreme Court case law and why it unnecessarily increases the cost of housing construction and should therefore be abolished.

The article, published in the NZZ edition of December 5, 2025, can be found here.