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Old 03.10.2019, 17:19
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UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

I'm a UK citizen who plans to marry a Swiss German (Bern) C permit holder.

I understand that I'll get a 'B' permit

What I wish to know is in terms of taxation :

I have a UK bank account with 30K
I have a small flat in the UK producing 10 K rent

I believe that we will need to complete a joint tax return

What do I need to declare on the tax return in terms of the UK assets and wealth

Just the Interest from bank accounts and flat rental income

OR

Do I have to declare the amount in the bank accounts , the value of the flat as well as
the interest and rental income


All information appreciated

Thanks
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  #2  
Old 03.10.2019, 17:30
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

You have to declare ALL assets and ALL income.
You can deduct debts and certain expenses.

Some of it is only relevant for the tax rate, some of it is also taxed.
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Old 03.10.2019, 17:55
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

Sorry

Declaring all assets . Does this mean ?

1 flat worth 300K producing 10K income

or 1 flat producing 10K income

?
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Old 03.10.2019, 18:07
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

We have a one bed flat we rent out in Scotland and have to provide the bank account statements showing the rental income (it has it's own business bank account), also the letting agency statements and invoices for any expenses I think. I also have to provide a copy of the annual certificate for some shares I have, any UK accounts and credit card statements, annual statement for a mortgage we have on our Scottish house, which we hope to let next year. You pretty much have to give them everything and we pay a Treuhand to do it for us as it's less hassle, although this year OH got it done free via a one off thing with his employer.
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Old 03.10.2019, 18:21
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

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Sorry

Declaring all assets . Does this mean ?

1 flat worth 300K producing 10K income

or 1 flat producing 10K income

?
I think it's the first one. The value of the flat is taxed as part of your wealth, and the income is taxed as income and wealth (assuming you keep the cash and don't reinvest it). Then you take deductions and expenses as mentioned by ASitUS
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Old 03.10.2019, 18:28
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

Assets are assets and subject to wealth tax. Income is income and subject to income tax.
https://www.ch.ch/en/paying-taxes/


Assets: Money, bank accounts, gold, horses, cars (40% deprecation per year), real estate, shares, bonds, non Swiss tax preferred life insurance, loans given to others, art collections etc. regardless where in the world it is located.

Not part of assets: Household goods and personal effects. To list the more valuable things you might have in your home: Paintings, carpets, fur robes, photo equipment, music instruments, jewelry, art pieces. Be aware that it is important that they are in your home, not stored somewhere else, are in use, and are not part of a collection. Items of extreme high value might be considered part of your taxable assets.

Income: Royalties, annuities, pension payments, alimony, dividends, lottery and betting winnings, earnings from employment, rental income, imputed rental value a.k.a Eigenmietwert (for self lived in Swiss real estate https://www.credit-suisse.com/ch/en/...en-201804.html ), capital gain in some specific cases (in case of professional trading in securities), monetary compensations.

https://www.estv.admin.ch/dam/estv/d...p_gesamt_d.pdf

https://www.estv.admin.ch/dam/estv/d...er_2018_de.pdf
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Last edited by aSwissInTheUS; 03.10.2019 at 19:11.
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Old 03.10.2019, 19:05
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

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Sorry

Declaring all assets . Does this mean ?

1 flat worth 300K producing 10K income

or 1 flat producing 10K income

?
Actually, its your net value of the asset- ie: 300k flat minus 200k mortgage.
So "only" 100k.
And the first 100k per person is "free"

And rental income is declared, minus mortgage interest costs, and repair costs.

This will "only" change your tax rate slightly.

Best to declare it now, as, although they dont fine you for the first time you "remember" to declare forgotten assets, the interest rate on unpaid tax is 5%, accrued per year... which can get nasty very quickly



.
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Old 04.10.2019, 11:35
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

So

Home worth 300K
mortgage 100K
income 10K after repairs etc

20K in savings

20K in shares

30K in private pension

30 yrs NI payments


I put all this on the 'Joint tax Return' ?
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  #9  
Old 05.10.2019, 21:16
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

Quote:
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So

Home worth 300K
mortgage 100K
income 10K after repairs etc

20K in savings

20K in shares

30K in private pension

30 yrs NI payments


I put all this on the 'Joint tax Return' ?


Yep, you should declare all these and leave the mess to the Tax specialist
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  #10  
Old 05.10.2019, 23:36
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Re: UK national Marriage to Swiss C Permit Holder Joint Tax Declaration

Quote:
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So

Home worth 300K
mortgage 100K
income 10K after repairs etc

20K in savings

20K in shares

30K in private pension

30 yrs NI payments


I put all this on the 'Joint tax Return' ?
It's worth getting an informal appointment with your tax office once you have all your documents together. Be sure to have your documents with regards to your house abroad with you, too.

This may work better in not-so-big towns, not sure. Anway, the tax secretary won't help you avoid taxes, some won't even mention pillar 3a, but you can expect a reliable assessment of what you present, for free. And you can get the tax secretary to explain how the calculation with regards of your income from rent works, for many it's not immediately apparent.

If you don't like what they say you can still contact a professional tax councelor. Personally, I'd do that with my first tax return in all cases.
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Old 19.10.2019, 10:59
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Post Brexit , UK National ,Marriage to C Permit Holder

Hello

I am a UK national who is planning to marry to my Swiss'C' permit holder in the next months.

I am planning to settle in Switzerland but will move all my assets etc by the end of 2021
which means I would like to remain resident for tax purposes in the UK until at least the end of 2020 when I will sell my flat , assets etc and move to Switzerland on a permanent basis.

At the moment I spend 3-4 months a year here.

Question is :


Can I be non resident and still have a B Permit ?


After marriage do I have to declare my assets on a joint tax return even if I am non resident ?



All info appreciated
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  #12  
Old 19.10.2019, 11:57
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Re: Post Brexit , UK National ,Marriage to C Permit Holder

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Can I be non resident and still have a B Permit ?
No, a B permit is a RESIDENT permit, which means you must live in the country for the required number of days each year and so for tax purposes you will be considered resident as well.

After BREXIT, there is no obligation on Switzerland to grant you a permit and your passport will be scanned on entering and exiting the Schengen Area, so messing up could have serious consequences for you.
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Old 19.10.2019, 12:45
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Re: Post Brexit , UK National ,Marriage to C Permit Holder

A lot of your plan is time critical with regards to Brexit, transition period, taxation, etc... I would strongly urge you to put your queries to the UK Embassy in Bern for proper advice.

EDIT: I've juts had a standard email reply from the UK Embassy in Bern, and this information appears to be relevant to you.


Living in Switzerland
Official information British people moving to and living in Switzerland need to know, including EU Exit guidance, residency, healthcare and driving can be found in the Living in Switzerland guide.

Last edited by Blueangel; 19.10.2019 at 13:56. Reason: New info
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Old 19.10.2019, 14:26
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Re: Post Brexit , UK National ,Marriage to C Permit Holder

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Hello

I am a UK national who is planning to marry to my Swiss'C' permit holder in the next months.

I am planning to settle in Switzerland but will move all my assets etc by the end of 2021
which means I would like to remain resident for tax purposes in the UK until at least the end of 2020 when I will sell my flat , assets etc and move to Switzerland on a permanent basis.

At the moment I spend 3-4 months a year here.

Question is :


Can I be non resident and still have a B Permit ?


After marriage do I have to declare my assets on a joint tax return even if I am non resident ?



All info appreciated
Why would you bother to move your assets?
What is your point in trying to be dual resident?
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  #15  
Old 19.10.2019, 14:53
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Re: Post Brexit , UK National ,Marriage to C Permit Holder

I've merged your threads to keep answers in one place.

Sorry, I'm not much help on taxation issues between UK and CH.
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