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Old 31.07.2020, 12:25
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Tax - Moving from UK to CH

Hi everyone,

I will shortly be moving to ZH from the UK and am trying to get my head around the differences between UK and CH and the different sets of tax rules and regulations and stay on the right side of the law. After browsing this very helpful forum plus internet research I have listed what I believe are key items.

I would appreciate (polite ) feedback as to their accuracy:

(by CH I include federal, canton, commune)

(1) tax deducted at source by employer (B permit)
(2) CH tax declaration required by employee if salary>CHF120K. At discretion if <120K.
(3) CH tax year=calendar year (unlike UK 6Apr-5Apr)
(4) CH tax declaration to be submitted within 3 mths of year end
(5) need to inform HMRC of new address
(6) The double tax agreement between CH and UK 1977 is currently still in force????
(6) CH tax declaration to include worldwide property, pensions inc SIPPs, savings inc ISAs, income, etc.
(7) item 6 is to establish the correct CH tax rate, not necessarily tax these individual items
(8) CH will not tax UK residence (eg no eigenmietswert)
(9) CH will tax rental income from UK residence if rented out. Costs including maintenance costs could then be claimed
(10) If SIPP not yet in drawdown then no CH taxes apply. This includes any income and dividends accruing within the SIPP provided they are not withdrawn from the SIPP
(11) If SIPP in drawdown then ???? Possible to take advantage of the UK 12K personal allowance and have it taxed in UK? Obtain form from CH and present to HMRC and have it taxed in CH?
(12) ISAs not recognised by CH. Any income or dividends will be taxed by CH. Funds/mutuals/ETFs held in Acc units do not attract tax.
(13) Gross interest from UK bank/savings accounts will be taxed by CH. Net interest will not
(14) CH tax declaration allows for deductions such insurances, commuting costs, lunch at work

Thank you for your help!
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Old 31.07.2020, 12:44
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Re: Tax - Moving from UK to CH

I think 8, 9, 13(ii) are incorrect and 14 not necessarily true but I don't have time to explain now. All income is directly taxed here(whether already taxed in the UK or not), except UK rental income (which is indirectly taxed) and dividends get relief if foreign tax has been paid (subject to some other conditions). Double taxation agreements usually mean you would pay tax in Switzerland and claim relief in the UK. Don't assume that the Swiss won't tax you because the UK has.

Last edited by Landers; 31.07.2020 at 15:21.
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Old 31.07.2020, 12:53
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Re: Tax - Moving from UK to CH

12. "Acc units" means reinvesting, non-distributing vehicles? Then your view is wrong. The dividend and interest part is taxable as income, the capital gain part is tax free.

6. Yes. With amendments and changes https://www.estv.admin.ch/estv/de/ho...ritannien.html
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