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Old 23.10.2020, 17:56
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Re: Tax return: buy/sell shares within 1 yr

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I don't know the rules here, but in the UK and USA, it's called bed and breakfasting or a Wash Sale in the US. Here's the definition:

The IRS wash sale rules may apply when you sell or trade a stock or other security at a loss. It will be classified as a wash sale if you do one of the following things within a 61-day period beginning 30 days before the sale and ending 30 days after it:
  • Buy substantially identical stock or securities
  • Acquire substantially identical stock or securities in a fully taxable trade
  • Acquire a contract or option to buy substantially identical stock or securities
The UK has a similar rule though not sure of the time period. What used to happen is just before the end of the tax year at market close, clients would sell their loss making shares, and buy them back the next day on market open. They could then establish a loss to set off against capital gains.

That was clamped down on. Of course there is no capital gains in most of Switzerland (unless you're classed as a professional trader) but concerning a tax return I'd think if you have say CHF 100,000 cash + CHF 100,000 in shares and you sell the shares, you still have assets of CHF 200,000 for wealth tax purposes.
UK rule for CGT is 30 days between sell & repurchase assuming you are UK resident at the time, the following day is fine if you are non resident. It has to be the identical share repurchased so 1 S&P tracker could be exchanged for another without waiting 30 days. Historically overnight sale hence the term bed & breakfast, although bed & ISA is fine.
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Old 16.03.2021, 20:34
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Re: Tax return: buy/sell shares within 1 yr

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Let me piggyback...What if I am taxed at source and do not file a tax declaration. Since March I started buying every month some US stocks using Interactive Brokers. Do I need to declare my earnings?
Trixxiee,
Sorry for bumping this thread, but did you ever get an answer to this question?
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Old 16.03.2021, 20:50
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Re: Tax return: buy/sell shares within 1 yr

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Trixxiee,
Sorry for bumping this thread, but did you ever get an answer to this question?
I called several different tax advisors and they all told me that I do not have to do it - I invested less than 50k CHF in 2020.
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Old 16.03.2021, 21:26
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Re: Tax return: buy/sell shares within 1 yr

Thanks for the info. Is 50k a threshold then?
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Old 16.03.2021, 21:29
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Re: Tax return: buy/sell shares within 1 yr

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Thanks for the info. Is 50k a threshold then?
I'm not exactly sure what the threshold was but as far as I remember it was more. Best if you reach out to a tax advisor and consult your individual case, for me it was free of charge and I promised I will be back next year to file a full declaration.
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Old 16.03.2021, 22:22
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Re: Tax return: buy/sell shares within 1 yr

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Thanks for the info. Is 50k a threshold then?
I think the threshold is on the extra income you got from dividends besides your job. Once several years ago I was told by the Zurich tax office (IIRC) that I would not have to bother if the additional income was less than 2500 CHF, though that was a side-gig and not dividends (I wish I had started investing back then in 2008...).
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Old 23.03.2021, 22:02
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Re: Tax return: buy/sell shares within 1 yr

Doesn't apply to me this year but found it odd while completing my tax form and would like to know in case I run into this in a future year:

For each entry in the securities register there is only one column for sale date (verkaufsdatum) and buy date (kaufdatum).

What if you bought 50 shares of some stock in January and another 50 of the same stock in June. Which date do you fill in for Kaufsdatum? The first?

Or do I misunderstand these columns and are these dates only meant for the date you bought the first share of a certain type (kaufdatum) and the date you sold the last one (verkaufdatum) when applicable?
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Old 23.03.2021, 22:14
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Re: Tax return: buy/sell shares within 1 yr

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Doesn't apply to me this year but found it odd while completing my tax form and would like to know in case I run into this in a future year:

For each entry in the securities register there is only one column for sale date (verkaufsdatum) and buy date (kaufdatum).

What if you bought 50 shares of some stock in January and another 50 of the same stock in June. Which date do you fill in for Kaufsdatum? The first?

Or do I misunderstand these columns and are these dates only meant for the date you bought the first share of a certain type (kaufdatum) and the date you sold the last one (verkaufdatum) when applicable?
Date of the first trade
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