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Old 09.11.2019, 14:38
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Tax question

Hi all

A tax question.

This is my case:
- I am a European union passport holder
-I am holding in swissquote 3 ETFs domiciled in the US
-I am not a resident of Switzerland at the moment, although I was at the time of opening the trading account and making the investments
-As of now, the investments are positive (ie, they are worth more than what I bought them for)
-My goal is to close my account in swissquote and have the same holdings in my broker back in my home country, in europe. my broker can have the same ETFs.

With the info above, a couple of questions:
- If I sell them now , what will I be taxed by swissquote for the capital gain income? or rather, would swissquote not tax anything but rather the US government
- if I try to transfer them to my broker in my home country, apart from the potential fees from SwissQuote or my home broker, would there be any tax component or not really because of not making any sale of my holdings?


Thx
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Old 09.11.2019, 18:48
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Re: Tax question

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Hi all

A tax question.

This is my case:
- I am a European union passport holder
-I am holding in swissquote 3 ETFs domiciled in the US
-I am not a resident of Switzerland at the moment, although I was at the time of opening the trading account and making the investments
-As of now, the investments are positive (ie, they are worth more than what I bought them for)
-My goal is to close my account in swissquote and have the same holdings in my broker back in my home country, in europe. my broker can have the same ETFs.

With the info above, a couple of questions:
- If I sell them now , what will I be taxed by swissquote for the capital gain income? or rather, would swissquote not tax anything but rather the US government
- if I try to transfer them to my broker in my home country, apart from the potential fees from SwissQuote or my home broker, would there be any tax component or not really because of not making any sale of my holdings?


Thx
You are asking for tax advice covering three jurisdictions, one of which you have not even disclosed.... Get proper tax advice rather than relying on some random person on the net, if you are talking serious money.

A couple of observations, not advice:
- Switzerland does not tax private individuals resident in the country on capital gains
- SwissQuote usually holds instruments in nominee accounts, so it is unlikely that the US government is aware of your existence
- Transferring shares between brokers means the are transferred from the nominee account into your name and then transferred, at the point the US government might become aware of your existence.
- And absolutely no idea of how your home country will deal with it.
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Old 09.11.2019, 18:55
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Re: Tax question

Transferring assets between brokers is not a disposal so tax neutral in countries with CGT, whereas selling & re purchasing may give rise to a taxable gain
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Old 09.11.2019, 20:10
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Re: Tax question

If sold brocker will probably administer a capital gains tax.
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