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Old 14.02.2010, 14:24
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Re: Corporation Tax - Capital Gain?

Thank you for your opinions.

With regard to your opinions, I purcahsed the company with the property as opposed to just the property for the following reasons which may be of interest to some of you:

(1) The company was owned by an Italian citizen and Italian resident, though the shares were held by nominee Swiss shareholders and directors/adminitrators
(2) I would have had to pay substancially more for the property than buying the company with the property (because of Capital Gains/CT issues)
(3) There was already a mortgage in the property that would mean there would be no need to organise a mortgage
(4) Legal costs were less for share transfer ("legalisation of shares") than stamp duty and notary fees on property purchase.

Obviously I did Due Diligence on the company and obtained sworn avidavits/guarantees from the shareholders and administraors/directors that there were no unknow liabilities/contingent liabilities which i would be able to give on the sale of a company.

What I am interested in knowing is the CT payable on a profit of say CHF1.4 Million on a Swiss Company based in Ticino in Mendrisio.
i.e. The tax rates for the Federation, Canton and Comune and how they are calculated?
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