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Old 18.11.2012, 12:08
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Re: Wealth Tax in Switzerland - seekign clarification, information

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Ok, I meant the ergänzende ordentliche Veranlagung zur Quellensteuer in German (anyone knows its name in French?). It is not so difficult to fill in by oneself if one has no properties but just bank account.

As said I think by paying tax-at-source, no wealth tax is to be paid. But if one demands a tax return by filling that form mentioned (in order to claim back the withholding tax for bank interest), one would be hit by the wealth tax if one has money above a certain threshold according to canton. Not to mention the additional calculation if one lives at a commune with a higher tax rate than the cantonal average.
Lets put the wealth tax in real numbers:

Example Kanton Zurich:
1 million CHF in CH bank accounts
House overseas value 250k CHF
Total wealth 1.25m CHF
Tax rate applicable for 1.25m = 1.016%
Tax charged only on CH assets ie only on 1m = total wealth tax of CHF 1016.-

Same example with lower figures:
200k CHF in CH bank accounts
House overseas value 250k CHF
Total wealth 450k CHF
Tax rate applicable for 200k = 0.445%
Tax charged on CH assets = total wealth tax of CHF 89.-
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