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Old 05.12.2012, 23:14
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Re: Foreign Property - Tax implications

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This statement gets made all the time however I believe it to be incorrect. 90% of my assets are US stocks, my wealth tax is based on full market value & I pay wealth tax in CH, if foreign assets were excluded I would be way below the threshold.
Yes because the statement is correct. But only **property** assets and income are excluded (although they do affect your tax rate). Moveable assets are included and taxed. Property liabilities (ie mortgages) are prorated to you entire assets location as opposed to the specific properties they are secured on.
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