Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Thread Tools Display Modes
Old 11.02.2010, 19:15
snowgoat's Avatar
Join Date: Feb 2010
Location: UK
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
snowgoat has no particular reputation at present
CGT for Non-Swiss Resident?

Afternoon Folks

I'd greatly appreciate any views anyone can offer on this subject.

For a UK resident and domiciled individual, owning a second property in Switzerland, what is the situation re Capital Gains Tax on selling the swiss property in canton Vaud?

The UK CGT on second homes is currently 18% I believe, but I understand the Swiss CGT on such may be 28%, reduced by 1% for each year owned. Is this the case?

Does anyone know how UK domiciled and resident individuals are treated for CGT on a Swiss home sale? is it just the UK 18%, or the full Swiss CGT less any deductions for years owned, or some other hybrid / bi-lateral agreement where HMRC would be paid 18% and the Swiss authorities any balance up to their local law % levels?

Finally, I know the HMRC calculates CGT as the sale price, less the original purchase price, less allowances such as stamp duty (or eqv) and sale, marketing, tax advice and conveyancing fees etc. But does anyone know if these are all calculated in the original Swiss francs cost at the time of each transaction, then the bottom line converted to sterling for any gross profit CGT calculation? - or are all Swiss costs converted into first and then calculated? I would have thought the former, as forex variances over a long period of time could make a big difference, but you never know with HMRC!

If anyone is able to recommend a good (English speaking) Swiss CGT specialist that would be much appreciated.

Many thanks for any views and tips


Reply With Quote

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
CGT for zurich Beano Finance/banking/taxation 2 07.04.2009 18:34
Am I a Swiss resident? maxje79 Permits/visas/government 4 21.04.2008 22:02
Soon to be a Swiss resident! joseph1987 Introductions 6 18.12.2007 18:06
Need Help from Swiss Resident pavlo General off-topic 12 08.10.2007 20:41
Swiss equivalent to CGT on house price appreciation clive7 Finance/banking/taxation 0 23.04.2007 15:19

All times are GMT +2. The time now is 10:24.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0