Gift tax from parents in ZH
Hello everyone, I'd like to ask for some insights into the topic of taxes on gifts.
I live in Zurich, my father is not resident here. He transferred owenership of his bank account in foreign bank to me, the ammount is around 250k chf.
In my tax declaration I did include all the assets I have, including this new one, but I didn't file any declaration for the gift specifically as I understood that tax on gifts from parents to children is exempt in Zurich, with no limit.
Did I do this right?
Many thanks for your help.
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