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Old 16.04.2021, 14:18
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Re: Impact of not declaring property value abroad on tax and how to correct it?

It'll depend on the canton but as an anecdote was helping translate for a friend in a situation a bit like this a couple of years back and they made a declaration and for all the worries about penalties and backpayments, the tax office just said thanks for the update and were happy with an old valuation too.

There was a bit more to the file with supporting documents, the official exchange rates at the time, proof of local taxes paid on the income etc but at least in this once instance there was no problem coming forward to explain.
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