Glossary · Taxation

IBGI

In Geneva, the IBGI is the cantonal and communal tax levied on the gain made on the sale of a property. It is payable by the seller and calculated on the capital gain between the purchase price and the sale price, after deduction of allowable costs and improvements. The rate depends mainly on the holding period: the longer the property is held, the lower the rate, on a scale ranging from around 45–50% of the gain for a very quick resale to a minimum rate of 2% after more than 25 years of ownership