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Old 16.04.2021, 08:17
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Re: Impact of not declaring property value abroad on tax and how to correct it?

Are you a UK tax payer declaring the rental income in the UK? You should be to use your UK tax free allowance.

If this is the case, all the Swiss tax people are interested in is the value of the UK property. Here you have great scope saving any wealth tax by keeping he value low. They have no idea of the value and as wealth tax is so low that they are not particularly interested.

Our house in the UK was up for sale when we came here (1989) and we wondered if we should declare it a the price we were selling at. We had a meeting at a Zurich tax office to discuss this and he said put in half the value!
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