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Old 16.04.2021, 08:01
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Impact of not declaring property value abroad on tax and how to correct it?

When I arrived in Switzerland (2018) I did not realise that I had to declare that I own a property and receive rent in the UK. Since arriving I have been taxed at source (<120K) so I haven't had to fill in any returns other than a Pillar3a adjustment this year. If this best thing to do is contact a tax advisor, then I am happy to do so but I have some initial questions:

1. What are the implications of not declaring property on my tax since 2018 both a cantonal (Zurich) and federal level?

2. What is the best way to put it right? Should I just write to tax office and declare everything in a letter?
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property, tax, wealth




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