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Old 25.05.2018, 22:57
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Inheritance and spouse assets

I have some hypothetical questions:
- If I inherit some money from my family (say 500k chf, via swiss bank transfer) I know that I have to pay some healthy tax for it, but how? I will receive the full amount, then declare and pay for it with my tax filing?
- The inheritance will be my own asset and won't be divided with my spouse in case of divorce. But what if I use that money to buy a house, will the house become common asset and will be divided in case of divorce?
- Will the tax on the inheritance in a way get "absorbed" if I use it to buy a house and have a mortgage?
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Old 25.05.2018, 23:08
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Re: Inheritance and spouse assets

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If I inherit some money from my family (say 500k chf, via swiss bank transfer) I know that I have to pay some healthy tax for it
Depends on the cantonton, and your relationship to the deceased. Often it is 0.

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- The inheritance will be my own asset and won't be divided with my spouse in case of divorce. But what if I use that money to buy a house, will the house become common asset and will be divided in case of divorce?
No, it will remain separate.

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Will the tax on the inheritance in a way get "absorbed" if I use it to buy a house and have a mortgage?
As I said, there is normally no tax. If there is, it reduces your inherited assets.

Tom
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Old 26.05.2018, 00:06
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Re: Inheritance and spouse assets

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I have some hypothetical questions:
- If I inherit some money from my family (say 500k chf, via swiss bank transfer) I know that I have to pay some healthy tax for it, but how? I will receive the full amount, then declare and pay for it with my tax filing?
- The inheritance will be my own asset and won't be divided with my spouse in case of divorce. But what if I use that money to buy a house, will the house become common asset and will be divided in case of divorce?
- Will the tax on the inheritance in a way get "absorbed" if I use it to buy a house and have a mortgage?
Tax will be paid in the country where the deceased lived on the deceased estate. This could be at 40% in the UK above the tax free allowance - or nothing in many Swiss cantons between generations.
So you pay nothing - the death duties are already deducted.
The amount in whatever form will be added to your wealth for Swiss tax purposes - not too much of 500,000.

I doubt you will be able to separate your assets in case of divorce. It makes no difference what you do with the inheritance - other than not tell your partner about it. But that is no basis for a successful marriage, especially if you turn up in a brand new Porsche one day...
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Old 26.05.2018, 09:34
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Re: Inheritance and spouse assets

Inheritance tax information here:

https://www.credit-suisse.com/media/...tabelle-en.pdf
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Old 26.05.2018, 11:08
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Re: Inheritance and spouse assets

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I doubt you will be able to separate your assets in case of divorce.
Why not? It is not rocket science. First, have a separate account for the inheritance. Then keep track for what you use the money for or invest it in.

By Swiss law inherited assets (and the stuff bought with it) will not be shared at divorce. Never.

Last edited by aSwissInTheUS; 26.05.2018 at 11:18. Reason: Than is not then.
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Old 27.05.2018, 02:16
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loc_141 has made some interesting contributions
Re: Inheritance and spouse assets

Thank you all for the inputs. In fact, I used the bad word, I should have said "gift" rather than "inheritance", which would definitely impose a tax.
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Old 27.05.2018, 08:59
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Re: Inheritance and spouse assets

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Thank you all for the inputs. In fact, I used the bad word, I should have said "gift" rather than "inheritance", which would definitely impose a tax.
No. Even less chance of paying tax. But until we know what country you are talking about, I can't add more...
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