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Old 04.02.2021, 20:35
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UK Joint Bank Account Tax Declaration

Hi everyone - I moved to Switzerland last year (without my partner, not married).


I have to fill out a tax return in Zurich - are there any tax implications for the money in our joint bank account in the UK?


Would the total cash in that account form part of my wealth tax when I provide a bank statement?


Thanks in advance!
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Old 05.02.2021, 13:29
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Re: UK Joint Bank Account Tax Declaration

As noted in the English-language "How to Fill in Your Tax Return" document at the below link, "All income and all assets worldwide must be declared. Income and assets not taxable in Switzerland are taken into account for the assessment of the tax rate."

https://www.zh.ch/de/steuern-finanze...tml#-830889080

Generally, if your partner is not taxable in CH and both of your names are on the account and each owns 1/2 of the assets, then 1/2 of the year-end account balance should be recorded as assets on the tax return and 1/2 of the interest x number of days registered in CH/ 365 should be recorded as income.
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