Real estate property abroad

Bjornsson

hi,

I wonder why should I report in my Swiss tax return real estate abroad if it is not taxed in Switzerland? Or how can I indicate the value of the property. Could it affect the progression of the tax rate?

Thanks in advance

HanFinal

Hi,

Switzerland has tax treaties with many countries to avoid double taxation. If you're a foreign national living in Switzerland or vice versa, understanding these treaties can help optimize your tax situation.

kind wishes

Uli_Schneider

HanFinal If you own an apartment abroad, you have to complete a tax declaration in any case - even if it is empty. from 2018, there is an automatic exchange of information between EU-countries (including Switzerland). Hiding assets should lead to bad consequences

Bjornsson

Thanks

Asgrimsson

I have a holiday home in Italy. It is taxed there. Do I now also have to declare this holiday home in my tax return? What about the income derived from them?

reneee

On your Swiss tax return, you must declare the worldwide assets you owned on 31 December of the tax year (calendar year) in question. This is the case whether the tax liability is for the whole year (1 January to 31 December) or only part of the year.

Spoonlich

hey,

I own apartment in Warsaw - I bought it in 2021 for 550 000 PLN. I am not renting it out. I have the notary document of purchase. I am not sure how to estimate its current value.

JohanesK

Spoonlich If there is a difference in value between the date of purchase and today, look at recent sales of similar flats in the same area of Warsaw. A local estate agent may be able to provide you with recent sales prices.

Katrin_13

Hi forum,

remember that the tax authorities in Switzerland generally apply a tax allocation system ("Steuerauscheidund"). This means that while foreign assets and income must be declared in the tax return, a credit is given for taxes paid abroad to avoid double taxation.

kind regards