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Old 13.05.2014, 13:51
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Transferring funds from UK to Swiss account - do we need to declare it?

Hi,

My husband and I are still very new so apologies if this is a silly question! I've tried to search for the answer and seen similar questions but haven't found quite what I'm looking for.

We have found/been offered an apartment (yay!), so now we need to put down a deposit and pay for the first month's rent. As we don't have much in our Swiss account yet, we need to transfer almost 10,000CHF/6600GBP into our Swiss account. Most of this will sit in the bank account opened with the estate agent to hold the deposit. The rest to pay first month's rent and for us to buy some furniture!

Luckily, we are newlyweds and had some generous guests, so the funds come from wedding money, rather than working income.

Will we need to declare this transfer/these funds at all? Will it be taxable?
My guess is no, but just want to be sure...

Appreciate some words of wisdom!
 




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