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Old 03.03.2015, 18:19
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Re: UK Property asset - value for Swiss Tax Return

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We are Swiss residents with a house in UK. On the tax return we have to list its value as an asset. Is it the current market value or the re-build cost we use?
The reason we ask is that our apartment in Switzerland is listed by the Swiss Tax authority at about half the amount we paid for it!
Market value less 30% would be fine, which is about the fire sale value on 31 December. Valuations are always opinion rather than fact. Remember to show any mortgage you have which could possible give a negative value overall.
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