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Old 05.03.2020, 16:58
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Wealth Tax - Foreign property

I have a property in a foreign country. I used the price equivalent in CHF for my 2018 Swiss tax filing. As Swiss franc has gone up against the foreign currency over 2019, I used an adjusted (lower) price in CHF on my 2019 fillings. In the tax documents that I got from Swiss authorities, they have used the same property value I filled in 2018 for my 2019 calculations and did not take into account the adjusted lower value that used on my 2019 filings.

I am new to Swiss taxes and I would appreciate if anyone in the forum could share their experience/expertise on this topic.

Thank you in advance,
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swiss taxation, wealth tax

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