Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 08.08.2008, 00:09
Junior Member
 
Join Date: Jan 2008
Location: Lausanne
Posts: 31
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Torso has no particular reputation at present
How is income on the stock market taxed

Having a few stocks bought in Denmark, and some bought while I was living in Switzerland.

My question is how much and where I will be taxed if I cash in the winnings on these investments.

Denmark has some of the highest taxes in the world, so it could be good for me to sell here before I return if possible

I have a B-permit should that be relevant.

Any thoughts on this...?

Last edited by Torso; 08.08.2008 at 00:09. Reason: typo
Reply With Quote
  #2  
Old 08.08.2008, 07:04
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 6,926
Groaned at 315 Times in 211 Posts
Thanked 8,955 Times in 3,175 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: How is income on the stock market taxed

Capital gains tax does not exist in most cantons (ZH none - check yours).

However if the tax authorities think you are a trader and profit from regular trading of shares is providing you with sunstanial sums it could be a different matter...
Reply With Quote
  #3  
Old 08.08.2008, 23:05
Goldtop's Avatar
Forum Legend
 
Join Date: Feb 2008
Location: Zurich
Posts: 2,854
Groaned at 11 Times in 11 Posts
Thanked 905 Times in 625 Posts
Goldtop has a reputation beyond reputeGoldtop has a reputation beyond reputeGoldtop has a reputation beyond reputeGoldtop has a reputation beyond repute
Re: How is income on the stock market taxed

Quote:
View Post
Having a few stocks bought in Denmark, and some bought while I was living in Switzerland.

My question is how much and where I will be taxed if I cash in the winnings on these investments.

Denmark has some of the highest taxes in the world, so it could be good for me to sell here before I return if possible

I have a B-permit should that be relevant.

Any thoughts on this...?
As long as you are resident in Switzerland, all your global income and global wealth is taxable here.

In theory, Switzerland does not tax capital gains. However, in practice, "it depends" and worst-case the gains are added to income and taxed at the incremental rate. There is another thread on this forum, where others and I discussed this topic extensively.

Some countries impose an "exit tax", i.e. at the time of departure, the held assets are deemed sold and taxed. I do not know the Danish tax system and therefore cannot say anything about your liabilities there.
Reply With Quote
  #4  
Old 20.12.2008, 13:49
Senior Member
 
Join Date: Apr 2007
Location: Bâle
Posts: 258
Groaned at 8 Times in 7 Posts
Thanked 35 Times in 16 Posts
Ashish is considered unworthyAshish is considered unworthyAshish is considered unworthy
Stock value & wealth tax

Hi All,

For wealth tax calculation, is the purchase value of the unsold stocks is taken into account or its actual market value? Thanks in advance. Ashish
Reply With Quote
  #5  
Old 20.12.2008, 14:16
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 6,926
Groaned at 315 Times in 211 Posts
Thanked 8,955 Times in 3,175 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: Stock value & wealth tax

Quote:
View Post
Hi All,

For wealth tax calculation, is the purchase value of the unsold stocks is taken into account or its actual market value? Thanks in advance. Ashish
Yes valued on Decemebr 31, but wealth tax is very low...
Reply With Quote
This user would like to thank AbFab for this useful post:
Reply

Tags
investment, stock




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Taxed at source - plus additional income... yabadabadoo Finance/banking/taxation 0 30.04.2008 20:47
Expenses are taxed?? Say it isn't so!!!! naza Finance/banking/taxation 15 30.03.2008 22:31
[Stock Market] Safety of money in Swiss banks? muze7 Other/general 36 08.02.2008 17:07
Quellensteuer - Taxed at source hugh_abu Finance/banking/taxation 3 09.03.2007 14:20


All times are GMT +2. The time now is 13:43.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0