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Old 27.06.2018, 18:47
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capital gains witholding tax ? non-residents

Hi,


Next year I am moving to Spain. I was considering leaving some invested savings here in Switzerland. These consist on index -funds/ETFs that do not distribute dividends.
At some point in the future, when I will be an spanish tax resident, I will sell the funds and use the money. As a non-tax resident in switzerland would I have to pay any swiss taxes ?



I know that for example dividends have a 35% witholding tax. Is there such a thing as a witholding tax for capital gains ?



(by the way I know I will have to declare this to the spanish authorities and pay may taxes there, what I want to avoid is having to pay aditional taxes to switzerland)
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Old 27.06.2018, 18:53
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Re: capital gains witholding tax ? non-residents

why not sell the funds while you are still swiss resident and avoid paying capital gains taxes?
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Old 27.06.2018, 22:35
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Re: capital gains witholding tax ? non-residents

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why not sell the funds while you are still swiss resident and avoid paying capital gains taxes?

Yes I will sell all the funds next year while I am still a swiss tax resident. However after that I would like to keep my money here in switzerland invested in funds. Of course I will only do this if there is no extra tax to pay for non-residentes having funds in swizerland. (I would like to keep my money in switzerland because I am not sure about the stability of the EU in the next 20 years if you are wondering my reasons )
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Old 28.06.2018, 12:00
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Re: capital gains witholding tax ? non-residents

Switzerland does not tax capital gains on shares so no withholding tax.
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Old 02.07.2018, 04:51
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Re: capital gains witholding tax ? non-residents

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Yes I will sell all the funds next year while I am still a swiss tax resident. However after that I would like to keep my money here in switzerland invested in funds. Of course I will only do this if there is no extra tax to pay for non-residentes having funds in swizerland.
No, but there's capital gains and exit tax in Spain, so you'll just pay everything to spaniards directly instead


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I would like to keep my money in switzerland because I am not sure about the stability of the EU in the next 20 years if you are wondering my reasons
Which has exactly how much to do with the security of your stock investments? There's no deposit protection for stocks in Switzerland if you didn't know, btw
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Old 02.07.2018, 22:45
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Re: capital gains witholding tax ? non-residents

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No, but there's capital gains and exit tax in Spain, so you'll just pay everything to spaniards directly instead
Yes I agree and I am happy to pay spanish taxes as long as I live there. I am not trying to avoid anything. I just do not want to pay extra to the swiss authorities



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Which has exactly how much to do with the security of your stock investments? There's no deposit protection for stocks in Switzerland if you didn't know, btw
With my money in a swiss broker I am one click away of selling all my stocks and having the money in CHF. I think there is zero chance for a european goverment of touching money held in a swiss account. I take money in CHF as a very safe asset.



I have really not much knowledge of finance as you might have guessed so my very basic mind tells me that switzerland is much more stable than any of the rest of the EU states.
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