Hi there this is my first post. be kind.
I am a little confused about this situation, maybe somebody here has had to make the same declaration.
I own a small flat in another country (with a mortgage) from before I was married to a Swiss citizen.
- Do I have to declare this as a joint asset at its current value?
- If so what sort of tax % would I be looking at paying on it?
- Is there an amount that is exempt from taxation in Switzerland?
- If I am receiving rent into an overseas bank account, but this is being used to cover mortgage repayments, maintenance and property management etc. do I need to declare this as income?
I hate the idea that I have to pay tax on my flat in two different countries, especially if I am not a citizen of one of those countries.
I hope someone can fill me in on this situation, I did look at previous posts but couldn't find a match.
Cheers