Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 19.01.2016, 17:14
Junior Member
 
Join Date: May 2009
Location: Zurich
Posts: 32
Groaned at 0 Times in 0 Posts
Thanked 15 Times in 11 Posts
henk has earned some respecthenk has earned some respect
Quellen steuer loan interest deduction

Hi,


I'm taxed at source (quellen steuer) and took out a loan, is it possible to get the interest on the loan deducted ? and how should I go about it ?


Thanks
Reply With Quote
  #2  
Old 19.01.2016, 17:20
roegner's Avatar
Forum Legend
 
Join Date: May 2011
Location: Zurich
Posts: 5,620
Groaned at 192 Times in 167 Posts
Thanked 6,014 Times in 3,034 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Quellen steuer loan interest deduction

Depends on what kind of loan to start with. For a house/an apartment?
Reply With Quote
  #3  
Old 19.01.2016, 17:24
NotAllThere's Avatar
Forum Legend
 
Join Date: Oct 2008
Location: Baselland
Posts: 9,683
Groaned at 148 Times in 130 Posts
Thanked 13,482 Times in 5,473 Posts
NotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond repute
Re: Quellen steuer loan interest deduction

Quote:
View Post
Hi,


I'm taxed at source (quellen steuer) and took out a loan, is it possible to get the interest on the loan deducted ? and how should I go about it ?


Thanks
Ask for a tax return. Fill in the tax return. Perhaps receive a shock when you pay more tax than you would if you hadn't asked for a tax return.
Reply With Quote
The following 4 users would like to thank NotAllThere for this useful post:
  #4  
Old 19.01.2016, 17:41
Senior Member
 
Join Date: Jun 2009
Location: Zurich
Posts: 388
Groaned at 14 Times in 13 Posts
Thanked 177 Times in 105 Posts
poot is considered knowledgeablepoot is considered knowledgeablepoot is considered knowledgeable
Re: Quellen steuer loan interest deduction

If you earn more than 120k you'll be filling in a tax return anyway. Any interest payments you can list and they're tax deductible.

Or as someone said, ask proactively to fill one in......but once you've done it once, you need to do it every yr
Reply With Quote
  #5  
Old 19.01.2016, 18:20
Newbie 1st class
 
Join Date: Jan 2015
Location: zurich
Posts: 13
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
gabri87 has no particular reputation at present
Re: Quellen steuer loan interest deduction

In my opinion and experience, no need for a complete tax return.
Just download the Antrag auf Neuveranlagung der Quellensteuer https://www.steueramt.zh.ch/dam/fina...ng_2016_v3.pdf (you are in kanton Zürich right?)

You can deduct the Schuldzinsen (you will need to attach an original statement from the bank or from whoever loaned the money)
Reply With Quote
This user would like to thank gabri87 for this useful post:
  #6  
Old 19.01.2016, 18:35
Junior Member
 
Join Date: May 2009
Location: Zurich
Posts: 32
Groaned at 0 Times in 0 Posts
Thanked 15 Times in 11 Posts
henk has earned some respecthenk has earned some respect
Re: Quellen steuer loan interest deduction

Thanks Gabri87


I live in Zurich and it is a personal loan
Reply With Quote
  #7  
Old 19.01.2016, 18:38
Newbie 1st class
 
Join Date: Jan 2015
Location: zurich
Posts: 13
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
gabri87 has no particular reputation at present
Re: Quellen steuer loan interest deduction

Quote:
View Post
I live in Zurich and it is a personal loan
That's exactly what you need then. (Schuldzinsen - Konsumkredit)
Reply With Quote
This user would like to thank gabri87 for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Private interest free loan Penelopy Finance/banking/taxation 3 06.08.2015 18:33
Deduction of student loan interrest against GE taxes? Gunpowderboy Finance/banking/taxation 0 08.12.2011 13:06
Interest on loan jzman Finance/banking/taxation 1 31.10.2010 14:56
Deduction from credits interest and Quellensteuer spegase Finance/banking/taxation 1 25.06.2008 00:00
Mortgage interest deduction - B permit Lorenheim Finance/banking/taxation 11 05.07.2007 23:47


All times are GMT +2. The time now is 20:38.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0