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Old 10.12.2012, 14:47
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If the estate has been settled it's yours and you declare it just like any other property.

Strictly speaking you might even find you are assessed a theoretical rental income since the house is at your disposal (eg like a holiday home).

The exhange rates to use (year end and average) are published by the federal authorities eg year in January.

Note the value you declare is the tax value, not the market value. For a foreign property you can probably get away with estimating this: go for 60% of the probate value say.
Probate value is already a low valuation. as its the cash value it could sell for that day, rather than after 3 months of marketing .
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