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Old 03.12.2018, 21:25
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Fortune Tax in Switzerland

If a swiss resident buys a property in Germany, does he pay fortune tax on it in Switzerland?
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Old 03.12.2018, 21:27
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Re: Fortune Tax in Switzerland

Yes.
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Old 03.12.2018, 21:40
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Re: Fortune Tax in Switzerland

And most likely property tax in Germany (at least it works like that for property in Italy).

Tom
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Old 03.12.2018, 21:50
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Re: Fortune Tax in Switzerland

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If a swiss resident buys a property in Germany, does he pay fortune tax on it in Switzerland?
Thank you for your attention
Yes, however as the money did not come out of thin air you won't pay any more so it's tax neutral, or depending on official valuation possibly slightly less.
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Old 03.12.2018, 22:02
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Re: Fortune Tax in Switzerland

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If a swiss resident buys a property in Germany, does he pay fortune tax on it in Switzerland?
Thank you for your attention

In most cantons, the foreign property will not be directly subject to the cantonal wealth tax. Rather, the value of the foreign property will cause the cantonal wealth tax rate to be increased when applied against Swiss assets. See this BDO brochure, method 2:


https://www.bdo.ch/getmedia/6f305e3e...sland.pdf.aspx
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Old 03.12.2018, 22:05
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Re: Fortune Tax in Switzerland

Yes and No.

It is not directly taxed as wealth but the value will be used to determine the tax rate. This means it must be declared in the relevant tax declaration forms.

tax = (total wealth - real estate abroad) * tax_rate(total wealth)

https://www.fr.ch//sites/default/fil...en_ausland.pdf
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Old 03.12.2018, 23:39
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Re: Fortune Tax in Switzerland

I saw in one report that foreign real estate value is not taken in account in regard to the wealth tax but only as for tax rate determination.
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Old 03.12.2018, 23:49
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Re: Fortune Tax in Switzerland

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I saw in one report that foreign real estate value is not taken in account in regard to the wealth tax but only as for tax rate determination.
Which is what aSITUS just explained to you.
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