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Old 20.11.2020, 00:27
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Money transfer within family across borders and investing in stock market

Hi,

My wife lives in Finland and I live in Switzerland. If my wife sends me money from Finland to Switzerland do I have to pay taxes for that?

If I invest this money in stock market is this considered as me borrowing money from someone else? I'm asking this because, I read that if I'm to be categorised as a private investor I need to invest my own money.

The amount we transfer will be less than CHF 10K.

Thank you,
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Old 20.11.2020, 09:46
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Re: Money transfer within family across borders and investing in stock market

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Hi,

My wife lives in Finland and I live in Switzerland. If my wife sends me money from Finland to Switzerland do I have to pay taxes for that?

If I invest this money in stock market is this considered as me borrowing money from someone else? I'm asking this because, I read that if I'm to be categorised as a private investor I need to invest my own money.

The amount we transfer will be less than CHF 10K.

Thank you,
No

Why not invest in your wife's name? She could gift you the money, then it's your money.
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Old 20.11.2020, 14:54
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Re: Money transfer within family across borders and investing in stock market

Generally with a married couple the "what's mine is yours" rule applies unless otherwise formally stipulated but you can google for gift tax and you'll find the rules. If the transfer is to be a loan, it usually needs to be set out in a legal document which could be relied upon at a later date in case of non-repayment.
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Old 20.11.2020, 16:58
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Re: Money transfer within family across borders and investing in stock market

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Generally with a married couple the "what's mine is yours" rule applies unless otherwise formally stipulated but you can google for gift tax and you'll find the rules. If the transfer is to be a loan, it usually needs to be set out in a legal document which could be relied upon at a later date in case of non-repayment.
Unless the capital comes from income generated since the marriage. This is incorrect in CH & the rest of Europe as a default.
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Old 20.11.2020, 17:13
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Re: Money transfer within family across borders and investing in stock market

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Generally with a married couple the "what's mine is yours" rule applies

Sorry Landers, I have to disagree. With my wife, and probably the majority of married men on the forum, she says "what's your is ours, and what's mine is mine".
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