Thread: How to do your tax return Kt ZH
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Old 23.06.2009, 21:42
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Re: How to do your tax return Kt ZH
Quote:
Uncle Max
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When filing, can one deduct against foreign debts being paid out of a Swiss income? I took out a loan a while back in the UK and am servicing it tightly from here. I am wondering if I can use it to my advantage here? Or does it not count?
Loan interest diminishes taxable income.
Loan debt diminishes taxable wealth.
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