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  #101  
Old 13.11.2015, 11:29
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Re: Obvious Tax Deductions

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Depends where in Switzerland, and how many people in the household.

Around here, a car is a must.

My wife is even considering buying herself a second car!

(we already have one each)

Tom
Hardly environmentally friendly, nor economical! I lived in Ticino for well over 10 years and never had a car! The public transport connections are excellent! I would have spent quadruple what I did on my transport costs were I to have procured and used a car!
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  #102  
Old 13.11.2015, 11:34
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Re: Obvious Tax Deductions

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The public transport connections are excellent!
No buses after 19h is excellent?

And we spend less than 1 GA price/year for all of our vehicles.

Tom
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  #103  
Old 13.11.2015, 11:35
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Re: Obvious Tax Deductions

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Medical bills paid by you over and above what was reimbursed by the insurance company
Not all - there is a deductible of 5% of net income for federal tax, and probably a deductible for the canton (e.g. in SG it is 2%: http://www.steuern.sg.ch/home/privat...File/046_1.pdf)
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  #104  
Old 13.11.2015, 11:36
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Re: Obvious Tax Deductions

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Medical bills paid over and above those reimbursed by the insurance company.
Only the amount that exceeds 10% of your income.

Tom
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  #105  
Old 13.11.2015, 11:37
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Re: Obvious Tax Deductions

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No buses after 19h is excellent?
And we spend less than 1 GA price/year for all of our vehicles
Again it depends on exactly where you live. Whilst if you include all of the costs pertaining to vehicles, you will find that the cost (per month/per annum) is actually more than the cost of a GA/AG, or if you don't travel out of Ticino, then far more than the cost of a regional transport pass!
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  #106  
Old 13.11.2015, 11:40
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Re: Obvious Tax Deductions

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Again it depends exactly where you live. Whilst if you include all of the costs pertaining to vehicles, you will find that the cost is more than the cost of a GA/AG, or if you don't travel out of Ticino, then far more than the cost of a regional transport pass!
Could we move this to the "pointless plumtree arguments not related to the actual topic thread" rather than have to wait for another ban?

Or get the "New Posts" view to also ignore posts by ignored users?

Please?
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  #107  
Old 13.11.2015, 11:42
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Re: Obvious Tax Deductions

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Could we move this to the "pointless arguments not related to the actual topic thread" rather than have to wait for another ban? Or get the "New Posts" view to also ignore posts by ignored users? Please?
Request the thread to be split or move on to the next thread, there are literally hundreds to choose from! No one is forcing you to read this one! The arguments are only pointless in your opinion!

Last edited by plumtree; 13.11.2015 at 11:56.
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  #108  
Old 13.11.2015, 11:52
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Re: Obvious Tax Deductions

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Could we move this to the "pointless plumtree arguments not related to the actual topic thread" rather than have to wait for another ban?

Or get the "New Posts" view to also ignore posts by ignored users?

Please?
Could we move this post, obviously intended for moderators and not related to the actual topic thread rather than have to wait for another ban?
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  #109  
Old 13.11.2015, 11:58
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Re: Obvious Tax Deductions

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Request the thread to be split or move on to the next thread, there are literally hundreds to choose from! No one is forcing you to read this one!
You are totally missing the point. Creating a new thread every time you drag a thread way off topic by posting your repetitive drivel will just clog up the forum with loads of unnecessary repetitive threads.

Maybe we should just create one giant thread entitled Plumtree's opinions and let you post exclusively on there.
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  #110  
Old 13.11.2015, 12:04
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Re: Obvious Tax Deductions

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You are totally missing the point. Creating a new thread every time you drag a thread way off topic by posting your repetitive drivel will just clog up the forum with loads of unnecessary repetitive threads.
It is only repetitive drivel in your opinion.

More to the point though, it is certainly not possible for one person single-handedly to drag a thread 'way off topic' as you state!
A thread clearly consists of a series of posts and responses and involves a varying number of users. All of the users who engage in conversation about something that is allegedly/according to you 'way off topic' are responsible for the way the thread evolves! The way thread evolves can't be attributed solely to one individual, moreover constantly singling one person out as you and a handful of other users are doing, is also very insensitive, it is hurtful, upsetting and plainly wrong.
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  #111  
Old 22.01.2016, 10:21
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Tax Deductibles - Swiss Annual Tax Returns

Does anybody here know what is tax deductible from Swiss Annual Tax Returns? Could we all share our information here so that we have full list of deductibles?


I found this link in German which I still need to translate to English
http://www.steuern-nw.ch/natuerlichepersonen/formulare/


I found that these are tax deductible:
1) From 2016 there is a new law that educational expenses are tax deductible. Does anybody have more information on this? Does it includes subscriptions to educational magazines, books, courses (e.g. Dale Carnegie Institute Zurich)? What is the annual maximum?
2) Maintenance costs for real estate – what does it exactly entail and what is the annual maximum for tax deduction? Is building a winter garden/conservatory/ extension
3) Medical costs not covered by health insurance
4) Interest payments on mortgage
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  #112  
Old 22.01.2016, 10:39
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Re: Tax Deductibles - Swiss Annual Tax Returns

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Does anybody here know what is tax deductible from Swiss Annual Tax Returns? Could we all share our information here so that we have full list of deductibles?


I found this link in German which I still need to translate to English
http://www.steuern-nw.ch/natuerlichepersonen/formulare/


I found that these are tax deductible:
1) From 2016 there is a new law that educational expenses are tax deductible. Does anybody have more information on this? Does it includes subscriptions to educational magazines, books, courses (e.g. Dale Carnegie Institute Zurich)? What is the annual maximum?
2) Maintenance costs for real estate – what does it exactly entail and what is the annual maximum for tax deduction? Is building a winter garden/conservatory/ extension
3) Medical costs not covered by health insurance
4) Interest payments on mortgage
House repairs are deductible, improvements not.

2400 limit on health insurance, less for Bund.

Interest payments in full
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  #113  
Old 22.01.2016, 10:43
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Re: Tax Deductibles - Swiss Annual Tax Returns

Jo, the very general rule for real estate deductions is that things that are a replacement of an existing feature can be deducted, that which is an addition or an upgrade cannot - but may be deductible against capital gains on sale of the property.

Concrete examples from our renovation in SZ, where we gutted the house:

Cost of replacing the existing bathrooms was deductible in the renovation year, cost of adding an additional bathroom was not.

Some of the kitchen renovation costs were deductible, but things that were not 1for 1 replacements were not. For instance, the cost of the stove was only deductible up to the cost of a similarly featured one, a new induction stove would not have been.

The cost of re doing the facade was deductible.

The cost of repairing and replacing roof tiles was deductible, the cost of adding copper flashings was not.

Building a new, larger Sitzplatz in granite with granite terraces was not deductible.

So in your example, the likelihood of deducting the cost of a Wintergarten is probably null, unless one already exists and you are rebuilding to the same size and specs.

Now... As we have seen over and over again, practices vary widely, the ultimate decision is with your Steueramt. You cannot rely on another EFer's experiences as different communities, different bureaucrats within communities might take different views.

You should sit down with your tax professional to discuss the tax ramifications of the renovations you are planning, well before you start work if tax strategy is important to you.

From your other posts it seems that you have a rather complicated tax situation. I would urge you to seek professional advice in all your tax matters, as few here have goals or experiences similar to yours, and, as always, the advice we give here, certainly mine included, is worth exactly what you have paid for it.

When your tax situation is out of the ordinary you really do need professional advice.
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  #114  
Old 22.01.2016, 11:14
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Re: Tax Deductibles - Swiss Annual Tax Returns

Just a note on the link you have - thats the form for Nidwalden, not Zurich.

I only mention this because Nidwalden (where we live) are not as generous with what you can reclaim as other Kantons...
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  #115  
Old 22.01.2016, 12:28
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Re: Tax Deductibles - Swiss Annual Tax Returns

I learned from my teacher long time ago in the 7th grade the following:

If you are not sure if something is deductible, try it out. They will correct you if it's not :-)

It depends where you live in. PLESE DON'T TAKE THIS INFORMATION FOR GRANTED, AS MORE AN INFORMATIVE, CREATIVE WAY TO SAVE TAXES. PLEASE DO THE FINAL RESEARCH BY YOURSELF

- If you are married and both are working, you are able to make a "Sonderabzug" (special deduction?) to reduce the penalty you have while married and both working. Source depends on canton you live in. In canton Obwalden i.e. you can deduct around 3000 CHF. In Kt. Zürich i think there is none.

For the Bundessteuer you can reduce the amout by 2600 CHF

https://www.admin.ch/opc/de/classifi...000/642.11.pdf Kapitel 4, Art. 35 Abs. C

- If you have children, you can deduct the costs of external child care (z.B. Nanny, Kinderkrippe). Bundessteuer max. 10'100 per child. As usual, on cantonal basis it depends. Kt. Zürich 10'100 per child.

"Die Kosten für die Kinderkrippe können unter gewissen Voraussetzungen als Abzug für fremdbetreute Kinder geltend gemacht werden. Diese Voraussetzungen sind in der Wegleitung zur Steuererklärung 2015 unter der Ziffer 16.6 aufgeführt. Der Abzug beträgt höchstens Fr. 10'100.- pro Kind."

https://www.steueramt.zh.ch/internet...q/abzuege.html

- Social deduction: If you have children or you have to take care of a person, you can declare "Sozialabzug". I think it's something like Bundessteuer: 6500 per child and canton depends on the canton (as usual)

Bundessteuer: https://www.admin.ch/opc/de/classifi...000/642.11.pdf KAPITEL 4, Art. 35, 1 a (on page 22)

Kanton Zh: https://www.steueramt.zh.ch/internet.../abzuege.html# but it's not written how much

- Social Care (2 Säule und 3 Säule a). You can deduct if you pay additional for your 2nd pillar and 3th pillar a. on the 3a there is a maximum around 6768 CHF per year. Also there is a maximum on the 2nd pillar, but this depends how much you are already paying.

I hope i was able to give you some ideas where to look for tax deductibles.

Regards
Marko
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  #116  
Old 22.01.2016, 12:41
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Re: Tax Deductibles - Swiss Annual Tax Returns

There is a limit on educational expenses. I think it might vary according to canton.
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  #117  
Old 22.01.2016, 13:21
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Re: Tax Deductibles - Swiss Annual Tax Returns

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There is a limit on educational expenses. I think it might vary according to canton.
Yes from 2016. 12'000 CHF for Federal Taxes (https://www.news.admin.ch/message/in...e&msg-id=52679)

As usual in switzerland, there are differences in canton taxes.
For Canton Zürich there is the following text:

https://www.steueramt.zh.ch/internet...massnahmen.pdf

Abzugsfähige Kostenarten Grundsätzlich sind die effektiv für die Weiterbildu
ng aufgewendeten Kosten anre-
chenbar, sofern sie im Rahmen des Üblichen liegen.

Zu den abzugsfähigen Kosten gehören (u.a.):
- Kurskosten, Prüfungsgebühren
- Kosten für das Kursmaterial (Unterlagen, Bücher,
usw.)
- Reisekosten
- Kosten für Unterkunft und Verpflegung
- Fahrkosten am Kursort
Bei für die Weiterbildung angeschafften Werkzeugen
(Computer, EDV-Programme,
usw.) sind die Kosten unter Abzug eines angemessene
n Privatanteils anrechenbar,
falls die Werkzeuge auch für andere Zwecke verwende
t werden.
Für Unterkunft und Verpflegung sind nur die Mehrkos
ten anrechenbar. Diese sind
vom Steuerpflichtigen nachzuweisen.

my translation:

Deductive Costs
Generally are all actual (real?) costs for further education deductive, as long as they are in a "normal" range.
The deductive costs are i.e.:
  • Costs for the course and exams
  • Travel expenses
  • Costs for Hardware (like Computers and/or tools). But you have to reduce an amount for "private" use.
  • Accomodation

Canton Zurich i don't see a maximal amout for now. I once deducted costs about 27'000 CHF for my school.
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  #118  
Old 22.01.2016, 13:27
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Re: Tax Deductibles - Swiss Annual Tax Returns

The cost of supply & installation of our wood stove was deductible. We weren't replacing an old one.
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  #119  
Old 22.01.2016, 13:31
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Re: Tax Deductibles - Swiss Annual Tax Returns

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The cost of supply & installation of our wood stove was deductible. We weren't replacing an old one.
Is it possible that it had something to do with energysavings, which were subsidized by canton over taxes?
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  #120  
Old 22.01.2016, 13:37
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Re: Tax Deductibles - Swiss Annual Tax Returns

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The cost of supply & installation of our wood stove was deductible. We weren't replacing an old one.
And our upgrade of our old fireplace was only allowed at about a third, which would have been the cost of repairing the old broken chimney.

Which exactly goes to show that one person's experience cannot be transferred to another's situation. Here we are in the same canton, yet quite different tax decisions were made.

I would guess that if one looked at what was allowed to Person X and Person Y in even the same Gemeinde one would find differences, depending on the local official's interpretation - and on the individual tax payer's powers of persuasion. ( )

Jo Flower needs to meet with a tax pro in her community for guidance, and with her local Steueramt.
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