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Old 22.10.2020, 11:54
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Tax return: buy/sell shares within 1 yr

Hi all, as I understand it, I just need to declare the shares in my portfolio as of 31/12?


So what if I bought some shares in say March, and sold them by November: would this need to be declared somehow?


thanks for any clarification (ZH canton, if that makes any difference....)
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Old 22.10.2020, 12:03
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Re: Tax return: buy/sell shares within 1 yr

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Hi all, as I understand it, I just need to declare the shares in my portfolio as of 31/12?


So what if I bought some shares in say March, and sold them by November: would this need to be declared somehow?


thanks for any clarification (ZH canton, if that makes any difference....)
Thats how I did it, I did not trade that often but I suspect there would have been 1 or 2 shares per year that fell into that category & did not pay a dividend.
They don't seem to be very interested in fine details, I held accumulating units with Fundsmith & never showed any rolled up dividends over 4/5 years they never queried it. One year they claimed I had made 5 mistakes, I had left of the value of my rental deposit account, showing just interest. I appealed 4 of there points & they accepted the appeal on all 5 points!
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Old 22.10.2020, 12:25
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Re: Tax return: buy/sell shares within 1 yr

Thanks for the info! Sounds good.

So as evidence would you just show for example an extract of your brokerage from 31/12 which lists the positions on it?
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Old 22.10.2020, 12:26
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Re: Tax return: buy/sell shares within 1 yr

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Thanks for the info! Sounds good.

So as evidence would you just show for example an extract of your brokerage from 31/12 which lists the positions on it?

I just show what I have per 31.12 (now with a list provided by the bank)
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Old 22.10.2020, 12:28
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Re: Tax return: buy/sell shares within 1 yr

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Thanks for the info! Sounds good.

So as evidence would you just show for example an extract of your brokerage from 31/12 which lists the positions on it?
I provided 31/12 statements for all brokerage accounts, I used the closing USD/EURO/ exchange rates, never looked at the official Swiss rates.
Dividends I valued at the daily FX rate.
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Old 22.10.2020, 13:04
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Re: Tax return: buy/sell shares within 1 yr

I just declare the value of all holdings at 31/12 and dividends received during the year. Never had an issue. I don't go into much detail really - more detail on the DA-1 though.

There are some rules that apply when considering if you are a professional investor (will increase taxes you pay). E.g. if you have a high portfolio turnover, or if you hold shares for short periods of time. It's up to the discretion of the tax dept. to determine your status.
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Old 22.10.2020, 14:20
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Re: Tax return: buy/sell shares within 1 yr

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I just declare the value of all holdings at 31/12 and dividends received during the year. Never had an issue. I don't go into much detail really - more detail on the DA-1 though.

There are some rules that apply when considering if you are a professional investor (will increase taxes you pay). E.g. if you have a high portfolio turnover, or if you hold shares for short periods of time. It's up to the discretion of the tax dept. to determine your status.

If I'm right in thinking, the DA-1 is only optional, so if I want to claim something back for withholding tax on dividends?


Also I guess the tax office would never know how high your portfolio turnover is, assuming you only show positions as of 31/12......
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Old 22.10.2020, 13:05
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Re: Tax return: buy/sell shares within 1 yr

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I provided 31/12 statements for all brokerage accounts, I used the closing USD/EURO/ exchange rates, never looked at the official Swiss rates.
Dividends I valued at the daily FX rate.
I've been questioned on the FX rate, they changed to the official swiss ones for my tax return, but was all fine
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