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Old 23.10.2020, 17:45
LuganoPirate LuganoPirate is offline
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Re: Tax return: buy/sell shares within 1 yr

I don't know the rules here, but in the UK and USA, it's called bed and breakfasting or a Wash Sale in the US. Here's the definition:

The IRS wash sale rules may apply when you sell or trade a stock or other security at a loss. It will be classified as a wash sale if you do one of the following things within a 61-day period beginning 30 days before the sale and ending 30 days after it:
  • Buy substantially identical stock or securities
  • Acquire substantially identical stock or securities in a fully taxable trade
  • Acquire a contract or option to buy substantially identical stock or securities
The UK has a similar rule though not sure of the time period. What used to happen is just before the end of the tax year at market close, clients would sell their loss making shares, and buy them back the next day on market open. They could then establish a loss to set off against capital gains.

That was clamped down on. Of course there is no capital gains in most of Switzerland (unless you're classed as a professional trader) but concerning a tax return I'd think if you have say CHF 100,000 cash + CHF 100,000 in shares and you sell the shares, you still have assets of CHF 200,000 for wealth tax purposes.
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