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  #161  
Old 10.03.2017, 18:50
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Re: How to do your tax return Kt ZH

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Value of your pillar 2 fund or an additional pension income that you're drawing from somewhere?

Pillar 1/2/3a aren't taxed and aren't supposed to be declared. For pension income, there's field 3.2 Renten/Pensionen on the main form for that. But if it's foreign sourced, depending on the tax treaty, it may be not taxable in CH, in which case you deduct it in 26.2 at the same time, so that it only affects your rate.


Depends on what kind of expenses, there's a few places to deduct different stuff. For example fields 15, 16.4 or 22.1 and corresponding subforms.
Thank you for your answers. I would like to add the cost of my medical bills that were not reimbursed by my insurance.
16.4 is for disabilities, right? Can I then put them under 22.1? It sounds like that it line is suppose to be for someone I am supporting financially. The bills are just regular doctor bills that went over the deductible.
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  #162  
Old 10.03.2017, 19:15
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Re: How to do your tax return Kt ZH

That'd be 22.1 and you should fill corresponding form Ausstellung über Krankheitskosten. Note that such costs are only deductible if they exceed 5% of your income
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  #163  
Old 10.03.2017, 20:44
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Re: How to do your tax return Kt ZH

I think Im also done. Can someone tell me why 215 is missing? I want to add not job related studies. I saw that my tax company inserted there last year but I only have 214 as an option.
Almost done
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  #164  
Old 11.03.2017, 20:34
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Re: How to do your tax return Kt ZH

Hi, My wife and I moved here from Ireland in April 2016. We worked in Ireland from January - March. Do we need to declare this income in the Tax return?
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  #165  
Old 11.03.2017, 23:15
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Re: How to do your tax return Kt ZH

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Hi, My wife and I moved here from Ireland in April 2016. We worked in Ireland from January - March. Do we need to declare this income in the Tax return?
No, only because you were not resident in CH at the time.
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  #166  
Old 18.05.2017, 19:41
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Re: How to do your tax return Kt ZH

Hi! Firstly, this thread has been fantastic in helping me get through completing 90% the tax return myself! So thanks to everyone for their contributions.

I do have a few questions before I can finalise it, which I couldn't seem to find answers to on here and the supporting guidelines wasn't much help either, so I'm hoping someone here can help answer my questions:

- 11 Occupational Expenses - I have a GA, but I actually drive to work (the 3 buses and a train, was getting exhausting, even more so as I was suffering with post viral fatigue for most of last year, so driving made the journey easier and cut the time in half). Can I claim for both or just for whatever is greater? Can I even claim for my car? I'm not sure meet any of the options for the "Justification for the use of a private motor vehicle"

- 15 Insurance Premiums - my health insurance company provided me with 2 figures: Pramientotal 2016 - am I correct in assuming this figure goes in here? The 2nd figure is Total Ihres Kostenanteils fur 2016, do I stick this is in 22.1?

- 16.3 Costs for the management of movable property - Richard's original post indicates that you could claim for bank charges here...So can I claim for my monthly UBS bank fees here?

- 30.1 Securities - I'm not sure what code I should select. I brought my shares through employee share purchase programmes when at my former employers. I've ruled out codes E, S and Q. Which leaves "G Geschäftsvermögen" Business Assests and "N Nutzniessungsvermögen" Usability(?), or can I just leave this blank if none of codes apply?

- 30.4 Motor Vehicle - Am I correct in assuming in the first field I put the Make & Model? Also I read in Richard's original post that they calculate the value, so do I leave box 412 blank or should I populate this based on the guidelines "In der Regel beträgt die Wertverminderung pro Jahr 40% des Restwertes." ?

Many thanks in advance for your help!
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  #167  
Old 18.05.2017, 20:12
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Re: How to do your tax return Kt ZH

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11 Occupational Expenses - I have a GA, but I actually drive to work (the 3 buses and a train, was getting exhausting, even more so as I was suffering with post viral fatigue for most of last year, so driving made the journey easier and cut the time in half). Can I claim for both or just for whatever is greater?
No, you can deduct only one. Pick one yourself. If you try both, they'll likely pick the smaller of the two for you.

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Can I even claim for my car? I'm not sure meet any of the options for the "Justification for the use of a private motor vehicle"
Then you can't claim the car, only public transport. You can try, medical condition is one of possible acceptable justifications for car use, but you'll need a good story and maybe a letter from a doctor, else they'll reject the deduction.

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- 15 Insurance Premiums - my health insurance company provided me with 2 figures: Pramientotal 2016 - am I correct in assuming this figure goes in here?
It goes onto the corresponding form Versich.prämien, the bottom line from which goes here.

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The 2nd figure is Total Ihres Kostenanteils fur 2016, do I stick this is in 22.1?
Yes, but these are only deductible if it's more than 5% of your income. And only the figure about 5% of income is deductible.

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- 16.3 Costs for the management of movable property - Richard's original post indicates that you could claim for bank charges here...So can I claim for my monthly UBS bank fees here?
I think, in principle it's deductible. But this field is more for custody charges for your securities portfolio. You can deduct 0.3% of your stocks worth here pauschal without any receipts.

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- 30.1 Securities - I'm not sure what code I should select. I brought my shares through employee share purchase programmes when at my former employers. I've ruled out codes E, S and Q. Which leaves "G Geschäftsvermögen" Business Assests and "N Nutzniessungsvermögen" Usability(?), or can I just leave this blank if none of codes apply?
Yes, for normal assets it's just blank. Codes are for special cases.

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- 30.4 Motor Vehicle - Am I correct in assuming in the first field I put the Make & Model? Also I read in Richard's original post that they calculate the value, so do I leave box 412 blank or should I populate this based on the guidelines "In der Regel beträgt die Wertverminderung pro Jahr 40% des Restwertes."
Yes, you calculate it yourself: price*0.60^age
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  #168  
Old 18.05.2017, 20:20
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Re: How to do your tax return Kt ZH

11.
You can only claim either car or public transport.
You may mix it 30% car/motorcycle 70% train.
If you do not met any of the justifications (like saving of 30 minutes per way) you can only claim public transport.
For public transport you can use the price of a monthly pass.

15.
You have to fill first the form "Versicherungsprämien 2016", there will be a cap of deductions. Enter the Pramientotal 2016 in Box 601.
Then you can fill in either the cap value or the premiums if they were lower.

22.1
You can only claim the part which is larger than 5% of the value in Item 21.

16.3
Yes. Or fill in a value between 200 and 300.

30.1
You can leave it blank for your securities. G is for part of of your own business. N if for stuff which you are entitled to fully use on your own to the full extend but not actually own. This could be an apartment where you have the unconditional living right w/o paying rent.

30.4
If your wealth is bellow the wealth tax threshold the value does not mater much. But you must list a car when you claim if for occupation expenses.
For the value just enter what you have paid then multiply it with 0.6 for each calendar year you have owned it. Even if it is just one month in that year. As the tax declaration is for 2016, 2017 does not count. If you owned it 2015 and 2016 the calculation would be PRICE*0.6*0.6 (or use the power on the calculator := )

If you use Private Tax some of the calculation is done for you.
Also see the Wegleitung:
https://www.steueramt.zh.ch/internet...016_HA_DEF.pdf
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  #169  
Old 18.05.2017, 20:23
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Re: How to do your tax return Kt ZH

Thank you so much for the quick reply!

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Yes, you calculate it yourself: price*0.60^age
For calculation, do I base this on the price I paid (I bought it 2nd hand) or the price it was worth brand new? The car was new in Nov 2013 and I've only had it for just coming up to 1 year next month.

Thanks again!
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  #170  
Old 18.05.2017, 20:28
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Re: How to do your tax return Kt ZH

Use whatever price you have receipts for in case if they ask for them. But it's not really so important how you calculate this. You can just put your best guess of car's value here. The value affects wealth tax only, which is tiny. If they don't like the value, they'll correct it or ask you to back your estimate with receipt, to which they'll apply formal 40% depreciation per year
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  #171  
Old 18.05.2017, 20:30
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Re: How to do your tax return Kt ZH

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For calculation, do I base this on the price I paid (I bought it 2nd hand) or the price it was worth brand new? The car was new in Nov 2013 and I've only had it for just coming up to 1 year next month.
I would say correct is : Price you paid times 0.6
Wealth tax starts at CHF 77k. Up to 300k it is less than 0.04% and for 1M it is around 0.1%
Not much of loss if you enter the wrong price.
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  #172  
Old 07.08.2017, 23:16
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Re: How to do your tax return Kt ZH

If wife and kid are living in UK, are they part of the "household"?

Would you then fill in the the child as in or outside the haushalt?

Thanks!
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  #173  
Old 06.09.2018, 16:50
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Re: How to do your tax return Kt ZH

Hi,

I am trying to simulate the impact of a child on the tax return. Based on what is written on the first post of the thread 6800 CHF are deductible for each child. Does this amount applies for ZH and is still actual?

In this 6800 amount are the daycare expenses included or I can deduct them somewhere else and if yes what is the maximum amount?

Cheers

Mike
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  #174  
Old 06.09.2018, 17:10
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Re: How to do your tax return Kt ZH

See Wegleitung pages 14,19,22, and 24
https://www.steueramt.zh.ch/internet...017_HA+DEF.pdf
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  #175  
Old 18.09.2018, 00:59
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Re: How to do your tax return Kt ZH

Could someone clarify how to fill out the "Wertschriften- und Guthabenverzeihnis"?
This includes all the bank accounts and stocks in Switzerland and abroad, right?

Code: Blank for bank accounts and stocks, Swiss and abroad?
Original Wahrung: Original currency of the asset
Nennwert Stuckzahl: Number of stocks
Valoren Nr: Code for Swiss stocks
Genaue Bezeichnung: Name of the stock, or name and IBAN of the bank account?
Zugang 2017: Opening date?
Abgang 2017: Closing date? if not closed, this is 31.12, I guess?
Steuerwert am 31.12.2017: Total asset or earned interest ??? Total taxes paid for accounts abroad?
A/B: Swiss accounts and stocks go to A? Do accounts abroad go to B? What value to write here exactly? For foreign currencies, do we use the average monthly rate from ESTV?

Thanks in advance.

Last edited by fatih.erol; 18.09.2018 at 01:14.
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  #176  
Old 28.11.2018, 01:54
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Re: How to do your tax return Kt ZH

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16.6 Not likely that you are going to make an entry here...

Maybe the numbers have changed in the meantime? 'cause 16.6 seems to be where you deduct costs for child care, not so unlikely to be filled
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  #177  
Old 19.12.2018, 18:29
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Re: How to do your tax return Kt ZH

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I would say correct is : Price you paid times 0.6
Wealth tax starts at CHF 77k. Up to 300k it is less than 0.04% and for 1M it is around 0.1%
Not much of loss if you enter the wrong price.
So, this means that a car with an initial value of 20'000 CHF will have a value of... 120 CHF after 10 years [20k * 0.60^10] and less than 1 CHF after 20 years... is that right?

Do all years count from the year of initial purchase of the car or just the years when the car has been in Switzerland?
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  #178  
Old 17.11.2019, 23:08
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Re: How to do your tax return Kt ZH

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You need to fill in 30.4 if you own a car - they calculate the value
So I enter the price I paid (second hand!) and the year I bought the car (or should it be the year it was manufactured?) but then nothing is automatically calculated on the space to the right.

Saw now the answers above to my own question, I had overlooked them earlier, sorry!

G

Last edited by giff; 17.11.2019 at 23:29. Reason: question already answered
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  #179  
Old 21.03.2021, 22:55
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Re: How to do your tax return Kt ZH

hey!
Bumping this magnificent thread... with a few questions:

Private Krankenversicherungsprämien (line 601) - are these the premiums which are paid for any health insurance, including the mandatory one? Or only for the optional (supplementary) insurance?

My insurance company (Sanitas) sent me an overview of premiums with 2 separate values for HIA and IPA (mandatory and supplementary parts, if I'm not mistaken).
Am I correct that only the "IPA" part can be deducted (put in line 601)?

The premiums that I pay the insurance are actually transferred directly to Sanitas by my employer, and there's also a small employer's contribution. Not sure if that makes any difference.

thx!
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  #180  
Old 22.03.2021, 11:14
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Re: How to do your tax return Kt ZH

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hey!
Bumping this magnificent thread... with a few questions:

Private Krankenversicherungsprämien (line 601) - are these the premiums which are paid for any health insurance, including the mandatory one? Or only for the optional (supplementary) insurance?
No, I believe 601 is the total you pay for Krankenkasse, mandatory AND supplementary part included. It's usually in the paper you receive from the krankenkasse for tax returns.
On the other side the actual deduction (abzug) is the min between what you put and the one defined by the canton and federal institutions.

I am in a kind of similar situation as my employer pays the krankenkasse for me and family, and this should change nothing in the way you file your tax return for the simple reason that whatever the employer is paying for me, is actually taxable as a fringe benefit, and hence for the same reason you can deduct it as an expense (in my case I deduct the above mentioned "Maximaler Abzug").

I went to actually show this to the tax office in my gemeinde and they told me it was correct, but pls 1) someone correct me if I am wrong AND 2) your situation may be different so still do your due diligence
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