Swiss Estates merges its subsidiaries
Swiss Estates AG gives itself a new structure and dissolves its five subsidiaries as part of a merger.
The subsidiaries SE Thurgovia Immobilien, SE Espace Immobilien, A + B Immobilien, SE Management and ALB Leman Immobilien have been merged into Swiss Estates AG following a decision by the Board of Directors. The companies have thus been dissolved without liquidation and no longer exist as legal entities.
As a result of the mergers, the assets and liabilities of the merged companies were transferred to Swiss Estates AG, which also applies to all contracts, in particular rental agreements, according to the real estate company, which focuses on residential properties. The mergers were published in the Swiss Official Gazette of Commerce (SOGC) on 30 June 2021 and were thus completed. They were already entered in the diary of the Commercial Register Office of the Canton of Schwyz on 25 June.
According to the company, the background to the restructuring is the abolition of the so-called holding company privilege. Holding companies were previously exempt from cantonal and municipal taxes on profits and only paid a reduced capital tax. In the case of direct federal tax, holding companies were always subject to ordinary taxation, whereby the so-called participation deduction could be applied. Under these conditions, Swiss Estates AG was tax-domiciled in Lucerne as a mixed holding company until the end of 2020. Due to the discontinuation of the holding privilege, the previous structure of the companies no longer makes sense from a tax and therefore also from an organisational point of view, according to the company. (ah)
