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Tax Return in Switzerland - 2017 - B Permit - overseas property owner

Feb 1, 2017 @ 08:45

Hello Glocals friends,

I would need to fill the self assessment here in Geneva and declare the property in the UK.

How do I establish the price of it? Is this what I initially paid for? I have looked at the Land Registry website but it does not have any record about my property

I understand it is not compulsory to declary the propery with a B permit, but I prefer doing it and hoping to get the C one at some point

Thanks all for your answers,

Davide Bray

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Hello Glocals friends,

I would need to fill the self assessment here in Geneva and declare the property in the UK.

How do I establish the price of it? Is this what I initially paid for? I have looked at the Land Registry website but it does not have any record about my property

I understand it is not compulsory to declary the propery with a B permit, but I prefer doing it and hoping to get the C one at some point

Thanks all for your answers,

Davide Bray

Davide BFeb 1, 2017 @ 08:45

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Re: Tax Return in Switzerland - 2017 - B Permit - overseas property owner

Post 1

Feb 1, 2017 @ 16:50

It is based on the actual sale value. You will no doubt have legal documents where this is clearly stated.

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It is based on the actual sale value. You will no doubt have legal documents where this is clearly stated.

Glenys M, Feb 1, 2017 @ 16:50

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Re: Tax Return in Switzerland - 2017 - B Permit - overseas property owner

Post 2

Feb 1, 2017 @ 17:45

Hi Davide,

you do need to declare it on your tax return - of itself it isn't taxed in Switzerland but it is used to determine the correct level for wealth tax applied to your tax return. As for the value of a UK property we all know that house prices in the UK vary plus the currency varies so you have quite a lot of latitude but you need to put a reasonable fair value down for it. Imagine at some point in the future you sell the house and the proceeds go into your bank account; there will therefore be a sanity check on the value you declared at some point in the future!

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Hi Davide,

hucklewoo, Feb 1, 2017 @ 17:45

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Re: Tax Return in Switzerland - 2017 - B Permit - overseas property owner

Post 3

Feb 6, 2017 @ 13:13

Hi Davide,

I recommend seeing Jean-Aurelien Haran, "fiduciaire". I prepare my own paperwork and he just checks it, and he has very reasonable fees and decent advice: http://www.haranconseils.ch/

NB: even if you have a B permit, if you have a "fortune" over 80K CHF (your overseas house is part of your fortune) then you need to declare it: https://demain.ge.ch/impot-source/declarer-elements-fortune

Normally then they decide that you need to file a full tax declaration rather than being taxed at source.

Good luck,

Viki

The text you are quoting:

Hi Davide,

I recommend seeing Jean-Aurelien Haran, "fiduciaire". I prepare my own paperwork and he just checks it, and he has very reasonable fees and decent advice: http://www.haranconseils.ch/

Normally then they decide that you need to file a full tax declaration rather than being taxed at source.

Good luck,

Viki

Viki L, Feb 6, 2017 @ 13:13

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Re: Tax Return in Switzerland - 2017 - B Permit - overseas property owner

Post 4

Mar 11, 2017 @ 16:08

Have you found your answer ?

I can help for sure