In the Canton of Zurich, a tax is levied on the profit made from selling real estate. The tax is progressive, starting at 10% for the first CHF 4,000 of profit, increasing in steps up to 40% for profits above CHF 100,000. The final tax amount is adjusted based on how long the property was owned. Sales within the first two years incur a significant surcharge to discourage speculation. Conversely, if the property was owned for more than five years, the tax is gradually reduced. Note: costs from the purchase, sale and renovation of the property can be deducted in the prices and profits of CHF 5,000 or less are exempt from this tax.