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Old 05.12.2012, 23:22
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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.
Stocks are moveable wealth and considered local, not foreign
I also own US stocks, and I bought them in Switzerland. They belong to Swiss wealth tax.

Foreign property (bricks and morter) is foreign non taxable assets
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