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Old 13.07.2011, 18:00
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US Capital Gains Tax

Hello,
I am an American soon to be married to a Swiss citizen. I have a tax question and I would greatly appreciate any advice offered.
When I marry my boyfriend and move to Switzerland what will happen tax wise to my inheritence in the states. My mother is 92 and is in ill health and my father has passed. I own some commercial and residental property in NC and will inherit a farm and additional land when my mother passes. The worth of my inheritence is not enough to pay US estate taxes but I want to know will I have to pay any tax to SZ when I inherit or sell the US property? Also some of the property I currently own, when it is sold do I have to pay US capital gains tax in US or am I exempt because I now am now married and have residence in SZ?
Thanks for the advice....
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Old 13.07.2011, 19:55
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Re: US Capital Gains Tax

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Hello,
I am an American soon to be married to a Swiss citizen. I have a tax question and I would greatly appreciate any advice offered.
When I marry my boyfriend and move to Switzerland what will happen tax wise to my inheritence in the states. My mother is 92 and is in ill health and my father has passed. I own some commercial and residental property in NC and will inherit a farm and additional land when my mother passes. The worth of my inheritence is not enough to pay US estate taxes but I want to know will I have to pay any tax to SZ when I inherit or sell the US property? Also some of the property I currently own, when it is sold do I have to pay US capital gains tax in US or am I exempt because I now am now married and have residence in SZ?
Thanks for the advice....
As a US citizen you are liable to US taxes, that includes CGT.
Other than wealth tax, you wont have anything else to pay in CH.
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Old 13.07.2011, 22:48
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Re: US Capital Gains Tax

I'm not an expert on tese things but you should probably look into things like living trusts. You and your mother should speak to a US tax professional about this as there are many factors to consider.
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Old 13.07.2011, 23:33
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Trusts are expensive to administer , if there is no estate duty, it would seem like a pointless exercise.
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