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Old 09.03.2020, 17:02
omtatsat omtatsat is offline
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Re: Wealth Tax - Foreign property

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I have a property in a foreign country. I used the price equivalent in CHF for my 2018 Swiss tax filing. As Swiss franc has gone up against the foreign currency over 2019, I used an adjusted (lower) price in CHF on my 2019 fillings. In the tax documents that I got from Swiss authorities, they have used the same property value I filled in 2018 for my 2019 calculations and did not take into account the adjusted lower value that used on my 2019 filings.

I am new to Swiss taxes and I would appreciate if anyone in the forum could share their experience/expertise on this topic.

Thank you in advance,
John
one gets a provisory tax bill based on 2018 and pays that. Then one puts in the tax return for 2019 and they refund any money based on that return. ( if the calculated tax is lower than 2018.) And of course you might just have to pay extra
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