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Old 05.12.2012, 16:23
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dannyt986 dannyt986 is offline
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Re: Foreign Property - Tax implications

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My friend didnt realise / overlooked he had to declare foreign assets.......his tax advisor said it shouldnt matter too much, we're not talking millions
He can always call the cantonal tax authority anonymously and try asking (obviously with CLI barred).

But I tend to agree they arent going to be too worried as they make very little money on such assets He will of course have to pay the adjusted tax amount and interest, but I would be very surprised if penalties.
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