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Old 09.03.2020, 17:07
omtatsat omtatsat is offline
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Re: Wealth Tax - Foreign property

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What kind of value for the property did you use first? For this, I'd recommend speaking with a professional accountant. You would typically use some kind of "book value" with a little discount, close to the purchase price, not a market value (which includes, in all likelihood, some gains you've made in the past if your house's value increased). The administration expects the value of the house that you use for taxation purposes to remain the same year by year...
So what to do if you bought a house 20 years ago and it was worth say 60,000 CHF then and now its worth 1,000,000?
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