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Old 05.12.2012, 09:02
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Carlos R Carlos R is offline
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Re: Foreign Property - Tax implications

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My understanding though is that if you report it yourself they are far more lenient than if they find you out. IIRC on my tax form these past years there has been a place to declare things that I may have "forgotten" in previous years. This article says that they won't fine you but will charge you interest on the tax owed:

http://www.nzz.ch/aktuell/wirtschaft...weiz-1.4924348
Indeed they are, but you still have to declare under some 10-year amnesty thing, where they ask you for 10 years of records. It is just that you don't get fined. An issue if you have UK banking records which only last 7 years.

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don't be shy. do share the details and level of punitive fines...
We had none. Only had to pay back taxes. I believe if you look hard enough you'll find details on EF already
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