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Old 03.12.2014, 16:16
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Re: Tax declaration on overseas asset.

Quote:
Tinkiwinki, where do you get that info from ???

We have property in the UK and we pay local taxes there for services- but the property is declared here for tax purpose and we pay tax on it as part of our 'fortune' (lol, that does make me laugh)- here in Switzerland, NOT in the UK, as we are tax resident here and there is no double taxation.
This seems normal to me. In theory, since the UK is taxing you locally the Swiss dont bother taxing you on those things. If the UK had a wealth tax (which as far as I know they dont) you would be able to deduct it from the wealth tax you pay here
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