Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 04.02.2021, 20:35
Join Date: Feb 2021
Location: Zurich
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
barryw has no particular reputation at present
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!
Reply With Quote
Old 05.02.2021, 13:29
Mullhollander's Avatar
Forum Legend
Join Date: Dec 2012
Location: Aargau
Posts: 2,680
Groaned at 10 Times in 9 Posts
Thanked 3,787 Times in 1,655 Posts
Mullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond reputeMullhollander has a reputation beyond repute
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."


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.
Reply With Quote
The following 2 users would like to thank Mullhollander for this useful post:

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
Joint bank account Arepol Finance/banking/taxation 16 21.11.2019 11:12
Options (if any) for family/joint bank account 20181216a Finance/banking/taxation 12 08.08.2016 21:42
Solo Bank Account to joint (UBS) BenderRules Finance/banking/taxation 19 08.05.2014 14:52
joint bank account roger2009 Finance/banking/taxation 115 03.05.2013 16:28
Swiss Bank - Joint Account Dilemma Villmont Finance/banking/taxation 26 04.07.2011 18:20

All times are GMT +2. The time now is 12:37.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0