Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 20.03.2016, 21:32
Newbie 1st class
 
Join Date: Feb 2010
Location: Zurich
Posts: 18
Groaned at 2 Times in 1 Post
Thanked 1 Time in 1 Post
giannisdoe has no particular reputation at present
Zinsen von Sparkapitalien

Hi everyone,

Stupid question.
Can someone explain what exactly is meant with "Zinsen von Sparkapitalien" in the tax declaration and why this is categorized as a deductible in the same section as Insurance premiums?
Are we taking about the gross/net interests on bank accounts here?
And if yes I don't understand why this is deductible since it's an earning and not a spending...

Thanks a lot
Reply With Quote
  #2  
Old 20.03.2016, 22:09
MathNut's Avatar
Forum Legend
 
Join Date: Aug 2007
Location: Kt. Glarus
Posts: 4,415
Groaned at 34 Times in 32 Posts
Thanked 10,952 Times in 3,253 Posts
MathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond repute
Re: Zinsen von Sparkapitalien

Can't answer the whys of it but yes, it is the interest earned on your bank accounts. Each of them should have sent you a statement, probably back in January, with the account's closing balance on 31.21.20xx and also the total interest earned for that year. You need to include those statements with your tax return as well as copy the numbers from them into the "Wertschriftverzeichnis".
Reply With Quote
  #3  
Old 20.03.2016, 22:21
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Zinsen von Sparkapitalien

Quote:
View Post
Can't answer the whys of it but yes, it is the interest earned on your bank accounts. Each of them should have sent you a statement, probably back in January, with the account's closing balance on 31.21.20xx and also the total interest earned for that year. You need to include those statements with your tax return as well as copy the numbers from them into the "Wertschriftverzeichnis".
I believe the OP is talking about a question on the Insurance Premiums page, I always left this blank. Line 604 on a ZH tax return
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #4  
Old 20.03.2016, 23:31
Mullhollander's Avatar
Forum Legend
 
Join Date: Dec 2012
Location: Aargau
Posts: 2,744
Groaned at 11 Times in 10 Posts
Thanked 3,923 Times in 1,706 Posts
Mullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond repute
Re: Zinsen von Sparkapitalien

The reason for the deductibility of interest earned on savings is because savings represent a form of self-insurance.

"Weil das Banksparen eine Form der Selbstvorsorge darstellt, sind auch die (steuerbaren) Zinsen auf Sparkapitalien abziehbar."

http://www.swiss-tax.ch/SE_Abzuege.htm


Reply With Quote
This user would like to thank Mullhollander for this useful post:
  #5  
Old 21.03.2016, 07:13
MathNut's Avatar
Forum Legend
 
Join Date: Aug 2007
Location: Kt. Glarus
Posts: 4,415
Groaned at 34 Times in 32 Posts
Thanked 10,952 Times in 3,253 Posts
MathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond reputeMathNut has a reputation beyond repute
Re: Zinsen von Sparkapitalien

Quote:
View Post
I believe the OP is talking about a question on the Insurance Premiums page, I always left this blank. Line 604 on a ZH tax return
Yes, quite. And then the total from the interest column in the "Wertschriftverzeichnis" (sorry, no idea how to translate this! It's the page where you list all your bank accounts) gets transferred to the insurance premiums worksheet.

On my tax forms (canton GL), anywhere they want you to copy an entry from one page to another, you will see fine print next to the "destination" space to tell you where the number should come from. Perhaps the ZH ones are the same.


FMF, did you ever look to see whether the tax office adjusted your returns to include that line? They can be quite helpful like that sometimes (or at least the ones out here in deepest Glarnerland can be). The first few times around, I left an "account administration fees" deduction entry blank as I wasn't totally sure what to put there - and the tax office filled it in for me. Last year I deliberately didn't take all my usual work-related deductions (I was employed but in practice was off work nearly the entire year due to pregnancy/maternity) - even wrote a note explaining why not - and they wrote back to say they'd assigned me the deductions anyway!
__________________
Need help? Contact a mod.

Reply With Quote
  #6  
Old 21.03.2016, 07:27
Guest
 
Posts: n/a
Re: Zinsen von Sparkapitalien

Quote:
View Post
On my tax forms (canton GL), anywhere they want you to copy an entry from one page to another, you will see fine print next to the "destination" space to tell you where the number should come from. Perhaps the ZH ones are the same.
....use e-taxes and you will probably find the software does it automatically (at least it does in SG).
Reply With Quote
This user would like to thank for this useful post:
  #7  
Old 21.03.2016, 08:37
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Zinsen von Sparkapitalien

Quote:
View Post
FMF, did you ever look to see whether the tax office adjusted your returns to include that line? They can be quite helpful like that sometimes (or at least the ones out here in deepest Glarnerland can be). The first few times around, I left an "account administration fees" deduction entry blank as I wasn't totally sure what to put there - and the tax office filled it in for me. Last year I deliberately didn't take all my usual work-related deductions (I was employed but in practice was off work nearly the entire year due to pregnancy/maternity) - even wrote a note explaining why not - and they wrote back to say they'd assigned me the deductions anyway!
No they did not, however my interest received was tiny as I hold very little cash. I used ZH Private tax software to complete my return.
Reply With Quote
Reply

Tags
sparkapitalien, tax




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
Grüezi von America Schweizerin im America Introductions 9 13.11.2012 01:20
Von Essen Consulting jsm66 Finance/banking/taxation 5 01.10.2011 14:07
Grüezi von Züri ! nsiharath Introductions 3 01.12.2008 09:48
Oi von Züri Joe6pack Introductions 2 17.10.2008 18:16
Hoi von Zug scottingham Introductions 3 11.11.2006 00:03


All times are GMT +2. The time now is 22:05.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0