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Old 02.11.2019, 19:09
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Tax on foreign rental property on software, how exactly?


I´ve been using the Tax Software to file my tax return in Zurich and I cannot understand what is happening with this particular issue. Let´s see if somebody has gone through this and can figure out what I´m doing wrong.

I believe the general idea is that rental income abroad should not increase the taxable income, but should increase the tax bracket that is applied. You see this as the difference between ¨Steuerbar CHF" and "Satzbestimmend CHF" on the final calculation, the Steuerberechnung.

My steps:
  1. On the software, in Vermögen > Liegenschaft Verzeichnis I add the information about my apartment in Spain and on ¨Ertrage und Kosten der Liegenschaft > Mieteinnahmen/Mietwert" I add the rental income, let´s say it´s 10000 CHF and let´s also say I have a 100k income after all deductions are applied (i.e. all Abzüge).

    Rental income seems to have a 20% deduction and what actually appears on the program is 8000. The remainder 2000 appear as ¨Cost¨for some reason.

  2. When I print the results it´s when it gets interesting. What I thought I would see is:
    • On ¨Steuerbares Einkommen Gesamt¨ in 25, I thought I should see 108000 and I do, in fact, see this amount.
    • On 26.2 ¨Von Steuerebaren Einkommen > Auf steuerbare Einkünfte in Ausland¨, I thought I´d see 8000. This is the amount of income that is taxable somewhere else (in Spain) but I see a much smaller quantity, around 1000.
    • This has the effect of not having my final taxable income at 100k, but at 107k.
    • However, the principle described before does apply and I get a Satzbestimmend amount of 108k, and its corresponding tax rate is applied to an income of 107k.

I feel I´m doing something wrong somewhere but I have no idea where!

Any clues?

Last edited by randomSpaniard; 02.11.2019 at 20:37.
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