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Old 22.01.2019, 16:32
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Welt tax

Dear All

I will live in the state Fribourg.

The welt tax is example for 127.000 2.1%
127.000*2.1%= CH 2667,00
So I need to pay CH2667,00
Is this correct ?
Thanks

Regards,

Hasan
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Old 22.01.2019, 16:33
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Re: Welt tax

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Dear All

I will live in the state Fribourg.

The welt tax is example for 127.000 2.1%
127.000*2.1%= CH 2667,00
So I need to pay CH2667,00
Is this correct ?
Thanks

Regards,

Hasan

2,1 %o not 2,1%
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Old 22.01.2019, 16:51
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Re: Welt tax

266.7.- municipality tax... + cantonal and federal tax... (and probaby church)
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Old 22.01.2019, 18:03
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Re: Welt tax

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266.7.- municipality tax... + cantonal and federal tax... (and probaby church)
CHF 266.7 is the wealth tax (as Roegner said it is 2.1 per 1000, not 2.1 per 100)

There is no wealth tax at federal level.

Alchemist, may be you are talking about income tax, which will be very different number I suspect.
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Old 22.01.2019, 21:50
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Re: Welt tax

Thanks all for the answers
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Old 22.01.2019, 22:08
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Re: Welt tax

Note that your "fortune" (wealth) may not be nearly as large in the taxman's eyes as in yours or mine. There are lots of provisions to reduce your taxable weslth; owning real estate is one of them. If your assets comprise mainly cash sitting in your bank account, you don't have much option but to pay the wealth tax at the applicable rate, which as you can see, is very low anyway.
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Old 22.01.2019, 22:33
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Re: Welt tax

What’s “Welt Tax”? First time I hear of such a thing...

Where can I get more info pls
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Old 22.01.2019, 22:41
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Re: Welt tax

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What’s “Welt Tax”? First time I hear of such a thing...

Where can I get more info pls
Just a wild, stab-in-the-dark guess, but I would suggest that the OP's mother tongue may not be English. I think we all know what they mean...

(I confess though that I felt compelled to click through to this thread to find out what this new tax was.)
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Old 23.01.2019, 01:44
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Re: Welt tax

We're not allowed to do "your mum" jokes are we.
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Old 23.01.2019, 01:45
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Re: Welt tax

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Note that your "fortune" (wealth) may not be nearly as large in the taxman's eyes as in yours or mine. There are lots of provisions to reduce your taxable weslth; owning real estate is one of them. If your assets comprise mainly cash sitting in your bank account, you don't have much option but to pay the wealth tax at the applicable rate, which as you can see, is very low anyway.



So if you've got a million in the bank and you spend it all on a property how does that reduce your taxable wealth?
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Old 23.01.2019, 02:25
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Re: Welt tax

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So if you've got a million in the bank and you spend it all on a property how does that reduce your taxable wealth?
The taxable value of my house (determined by the tax office; I didn't just make it up!) is just under half of its actual, current value. Even better, my home loan, which amounts to more than half of the value of the house, is 100% offset against the taxable value of the house, for tax purposes. So for wealth tax purposes, my house is deemed to have negative net value, which can be offset against other, positive assets.

So your million can be made to disappear as if by magic, yet remain in your hands.
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Old 23.01.2019, 07:48
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Re: Welt tax

Is the Wealth tax calculate from how much cash do you have or you must add the stocks values too?



example


100.000 CHF cash in bank
150.000 CHF in stocks


Total for wealth tax :150.000+100.000=250.000 CHF
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Old 23.01.2019, 09:03
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Re: Welt tax

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The taxable value of my house (determined by the tax office; I didn't just make it up!) is just under half of its actual, current value. Even better, my home loan, which amounts to more than half of the value of the house, is 100% offset against the taxable value of the house, for tax purposes. So for wealth tax purposes, my house is deemed to have negative net value, which can be offset against other, positive assets.

So your million can be made to disappear as if by magic, yet remain in your hands.
Same for us, mortgage (interest only) is 50% more than the taxable value, so negative equity for tax purposes.

Tom
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Old 23.01.2019, 09:18
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Re: Welt tax

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Is the Wealth tax calculate from how much cash do you have or you must add the stocks values too?



example


100.000 CHF cash in bank
150.000 CHF in stocks


Total for wealth tax :150.000+100.000=250.000 CHF
All of your assets contribute to your taxable wealth. Cash, stocks, real estate, cars, furniture, Rembrandts, whatever you own that has value. (Pension savings are excepted.)
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