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-   -   Tax Declaration when owning Foreign Funds paying "Quellensteuer" (https://www.englishforum.ch/finance-banking-taxation/296777-tax-declaration-when-owning-foreign-funds-paying-quellensteuer.html)

JdG 16.02.2020 19:29

Tax Declaration when owning Foreign Funds paying "Quellensteuer"
 
Hi guys,

I am EU citizent with a B permint, paying "Quellensteuer". I do have some fund (accumulation) in my home country.

May I do a Tax Declaration and declare those funds?

Last year I closed some of them and gains were not taxed because I reported I was a Swiss resident in order to avoid double taxation. May I report those capital gains despite of not being taxed in CH?

Thanks a lot in advance, lerning a lot from the forum.

fatmanfilms 16.02.2020 19:44

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
Quote:

Originally Posted by JdG (Post 3148898)
Hi guys,

I am EU citizent with a B permint, paying "Quellensteuer". I do have some fund (accumulation) in my home country.

May I do a Tax Declaration and declare those funds?

Last year I closed some of them and gains were not taxed because I reported I was a Swiss resident in order to avoid double taxation. May I report those capital gains despite of not being taxed in CH?

Thanks a lot in advance, lerning a lot from the forum.

No CGT for personal investments in CH

Mullhollander 16.02.2020 20:05

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
In Ct. Aargau, those required to pay Quellensteuer and who have:
a. Earned income exceeding CHF 120'000 per year and/or
b. Taxable assets and/or
c. Income not subject to Quellensteuer

are required to disclose the income and/ or taxable assets and file an ordinary tax return.

See 118 and 119 for governing Aargau law at this link (German):

https://gesetzessammlungen.ag.ch/frontend/versions/2799

Also see Aargau regulations 4 and 9 at this link (German):

https://gesetzessammlungen.ag.ch/frontend/versions/2800


eniusa 17.02.2020 20:16

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
Hi Mullhollander, I'm plannig to move in Swiss and I have the same problem of foreign assets. So is better Sciaffusa or Zurich for foreign assets?
If I have foreign assets I loss the Quellensteuer bracket?

JdG 22.02.2020 06:35

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
Quote:

Originally Posted by fatmanfilms (Post 3148903)
No CGT for personal investments in CH

Hi Fatmanfilms,

So, no need to botter about CGT as long it does not replesent my main incomens.

What a bout Weath Tax? Those are my only assets, no real state

Thanks,

JdG 22.02.2020 06:38

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
Quote:

Originally Posted by Mullhollander (Post 3148909)
In Ct. Aargau, those required to pay Quellensteuer and who have:
a. Earned income exceeding CHF 120'000 per year and/or
b. Taxable assets and/or
c. Income not subject to Quellensteuer

are required to disclose the income and/ or taxable assets and file an ordinary tax return.

See 118 and 119 for governing Aargau law at this link (German):

https://gesetzessammlungen.ag.ch/frontend/versions/2799

Also see Aargau regulations 4 and 9 at this link (German):

https://gesetzessammlungen.ag.ch/frontend/versions/2800



Thanks for the info Mullgollander,

I may move to another Canton very soon, I will try to get informed of its particularities

Thanks,

omtatsat 22.02.2020 08:07

Re: Tax Declaration when owning Foreing Funds paying "Quellensteuer"
 
Quote:

Originally Posted by JdG (Post 3148898)
Hi guys,

I am EU citizent with a B permint, paying "Quellensteuer". I do have some fund (accumulation) in my home country.

May I do a Tax Declaration and declare those funds?

Last year I closed some of them and gains were not taxed because I reported I was a Swiss resident in order to avoid double taxation. May I report those capital gains despite of not being taxed in CH?

Thanks a lot in advance, lerning a lot from the forum.

What the shit is a "Foreing Funds" ?


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