 | | 
27.02.2021, 15:47
| Senior Member | | Join Date: Feb 2018 Location: Zürich
Posts: 303
Groaned at 5 Times in 5 Posts
Thanked 301 Times in 154 Posts
| | Deduction for asset management costs
HI all,
the assed management costs (at least for ZH canton) can be deducted at a 0.3% lump sum (does this refer to the value of assets at the end of the year?).
I'd like to understand what type of lump sum this is: is it "anyone can deduct 0.3%, and you're fine" or "we won't request proof up to 0.3%, but it's only about burden of proof - it is still legal only to request what you actually paid"
Thanks!
| 
27.02.2021, 15:51
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | HI all,
the assed management costs (at least for ZH canton) can be deducted at a 0.3% lump sum (does this refer to the value of assets at the end of the year?).
I'd like to understand what type of lump sum this is: is it "anyone can deduct 0.3%, and you're fine" or "we won't request proof up to 0.3%, but it's only about burden of proof - it is still legal only to request what you actually paid"
Thanks! | | | | | 0.3% year end value accepted, without question, however if you can show it was actually 1.2% that is also possible as a deduction against earnings.
| This user would like to thank fatmanfilms for this useful post: | | 
27.02.2021, 18:29
| Senior Member | | Join Date: Feb 2018 Location: Zürich
Posts: 303
Groaned at 5 Times in 5 Posts
Thanked 301 Times in 154 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | 0.3% year end value accepted, without question, however if you can show it was actually 1.2% that is also possible as a deduction against earnings. | | | | | Thanks, but my question was slightly beyond the acceptance without questions (which is in practice, I was also interested in theory): is it actually legal to deduct 0.3% if your actual expenses were lower than that? I.e. can you be later liable if this comes out?
| 
27.02.2021, 18:45
|  | Forum Veteran | | Join Date: May 2009 Location: Pfäffikon SZ
Posts: 2,420
Groaned at 24 Times in 23 Posts
Thanked 3,265 Times in 1,387 Posts
| | Re: Deduction for asset management costs
Yes, it‘s a „pauschal“. You don‘t have to prove it. Same way as you can deduct 1% of your house value for maintenance costs without having to prove it or a work related expenses deduction.
| The following 3 users would like to thank eyebeebe for this useful post: | | 
28.02.2021, 20:06
| Junior Member | | Join Date: Feb 2015 Location: Basel (BS)
Posts: 70
Groaned at 10 Times in 3 Posts
Thanked 29 Times in 17 Posts
| | Re: Deduction for asset management costs
Is this for Zürich only? Lets say one has 100k chf in stocks. And you pay 300 chf of wealth tax. 0.3% from 100k are 300. So you pay no wealth tax in this case?
| 
28.02.2021, 20:08
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | Is this for Zürich only? Lets say one has 100k chf in stocks. And you pay 300 chf of wealth tax. 0.3% from 100k are 300. So you pay no wealth tax in this case? | | | | | Not as good as that, you receive a 300 deduction from your earnings so probably save 50-130 tax depending on your marginal rate.
| 
28.02.2021, 20:19
| Forum Legend | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 2,876
Groaned at 62 Times in 50 Posts
Thanked 4,070 Times in 1,901 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | Is this for Zürich only? Lets say one has 100k chf in stocks. And you pay 300 chf of wealth tax. 0.3% from 100k are 300. So you pay no wealth tax in this case? | | | | | Certainly management costs are deductible in Aargau too. I don't know about the 0.3% as my costs are rather more than that.
| This user would like to thank HickvonFrick for this useful post: | | 
28.02.2021, 20:23
| Junior Member | | Join Date: Feb 2015 Location: Basel (BS)
Posts: 70
Groaned at 10 Times in 3 Posts
Thanked 29 Times in 17 Posts
| | Re: Deduction for asset management costs
Tnx for both replies. I see them also in the BS tax software, but not as a Pauschal. It says that you have to prove it, unless it's too complicated (in this case it's 0.3%). So... confusing as hell.
| 
28.02.2021, 20:30
| Forum Legend | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 2,876
Groaned at 62 Times in 50 Posts
Thanked 4,070 Times in 1,901 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | Tnx for both replies. I see them also in the BS tax software, but not as a Pauschal. It says that you have to prove it, unless it's too complicated (in this case it's 0.3%). So... confusing as hell. | | | | | I'm making about 4K CHF tax deductible so spent the time!
| This user would like to thank HickvonFrick for this useful post: | | 
01.03.2021, 07:51
| Senior Member | | Join Date: Feb 2018 Location: Zürich
Posts: 303
Groaned at 5 Times in 5 Posts
Thanked 301 Times in 154 Posts
| | Re: Deduction for asset management costs
What base may one use for the 0.3% flat rate? Is it the amount of portfolio you held at the beginning of the year, end year, average through the year?
| 
01.03.2021, 08:05
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Deduction for asset management costs | Quote: | |  | | | What base may one use for the 0.3% flat rate? Is it the amount of portfolio you held at the beginning of the year, end year, average through the year? | | | | | I used the cash value of all liquid assets including cash at 31/12
| The following 4 users would like to thank fatmanfilms for this useful post: | |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 19:09. | |