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Old 09.03.2020, 17:19
omtatsat omtatsat is offline
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Re: Wealth Tax - Foreign property

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If the property is in a place where the local tax authorities will give you an assessed value for tax purposes it is easy. For my US property, I just include a copy of the yearly property tax bill. This includes an assessed value which is approximately 20% of Market Value in my case. Swiss tax authorities have never questioned it.
In Australia they have a tax on the land. Not whats on the land. So they assess the value of the land for tax purposes.( the tax ends up astronomical for non residents ! )
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