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Old 27.02.2021, 15:47
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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!
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Old 27.02.2021, 15:51
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Re: Deduction for asset management costs

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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.
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Old 27.02.2021, 18:29
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Re: Deduction for asset management costs

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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?
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Old 27.02.2021, 18:45
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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.
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Old 28.02.2021, 20:06
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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?
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Old 28.02.2021, 20:08
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Re: Deduction for asset management costs

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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.
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Old 28.02.2021, 20:19
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Re: Deduction for asset management costs

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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.
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Old 28.02.2021, 20:23
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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.
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Old 28.02.2021, 20:30
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Re: Deduction for asset management costs

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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!
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Old 01.03.2021, 07:51
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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?
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Old 01.03.2021, 08:05
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Re: Deduction for asset management costs

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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
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