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Old 22.07.2008, 11:52
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Re: Trading and taxation in switzerland...

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Hi Goldtop,

Please can you quote the source you used for the definition of a Professional Trader.

Thanks in advance
This is a complex topic!

The Federal Guideline is in this document (sorry, Swiss Government document, only in Swiss official languages, here the German version):
http://www.estv.admin.ch/d/dvs/kreis...-DV-2008-d.pdf

Each canton has its own implementation style. And each tax assessing officer uses his/her discretion. So, you only discover after filing, whether the tax department considers you to be a "professional trader" for tax purposes.

You may be so classified, and trading profits added to taxable income, when you:
  • Obtain significant trading profits comparable to other income.
  • Have professional trading skills (e.g. finance qualifications, work for a Bank, etc.).
  • Leveraged, i.e. borrowed money, including house mortgage.
  • Large number of trades.
  • Short holding periods.
  • etc.
Suggest you talk to your broker/bank and/or consult a tax specialist. You can also get a binding advance decision from the tax department, but would of course need to reveal many details and thus attract attention.
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