{"id":29734,"date":"2022-11-15T14:59:34","date_gmt":"2022-11-15T13:59:34","guid":{"rendered":"https:\/\/tax-services.ch\/?p=29734"},"modified":"2023-09-08T17:00:06","modified_gmt":"2023-09-08T15:00:06","slug":"impot-sur-la-fortune-en-suisse-et-geneve","status":"publish","type":"post","link":"https:\/\/www.tax-services.ch\/en\/wealth-tax-in-switzerland-and-geneva\/","title":{"rendered":"Wealth tax in Switzerland and Geneva"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"29734\" class=\"elementor elementor-29734\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-acf9dd5 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"acf9dd5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 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.elementor-widget-container{min-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#9da5ae);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);transition:min-height .4s;overflow:hidden}.elementor-toc__header{display:flex;align-items:center;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid var(--box-border-color,#9da5ae)}.elementor-toc__header-title{font-size:18px;margin:0;color:var(--header-color);flex-grow:1}.elementor-toc__toggle-button{cursor:pointer;display:inline-flex}.elementor-toc__toggle-button i{color:var(--toggle-button-color)}.elementor-toc__toggle-button 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.elementor-toc__list-wrapper{margin-top:.5em;margin-inline-start:var(--nested-list-indent,1em)}.elementor-toc__list-item-text{transition-duration:var(--item-text-transition-duration)}.elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}.elementor-toc__list-item-text-wrapper{display:flex;align-items:center}.elementor-toc__list-item-text-wrapper:before,.elementor-toc__list-item-text-wrapper i{margin-inline-end:8px;color:var(--marker-color)}.elementor-toc__list-item-text-wrapper svg{margin-inline-end:8px;fill:var(--marker-color);height:var(--marker-size,.5em);width:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper i{font-size:var(--marker-size,.5em)}.elementor-toc__list-item-text-wrapper:before{font-size:var(--marker-size,1em)}.elementor-toc--content-ellipsis .elementor-toc__list-item-text{white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapper{display:none}.elementor-toc__heading-anchor{position:absolute}.elementor-toc__body .elementor-toc__list-item-text{color:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration);transition-duration:var(--item-text-transition-duration)}.elementor-toc__body .elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__body .elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}ol.elementor-toc__list-wrapper{counter-reset:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__afcbaa8\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__afcbaa8\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__afcbaa8\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23a7cbb elementor-widget elementor-widget-heading\" data-id=\"23a7cbb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">What is wealth tax?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a086c75 elementor-widget elementor-widget-text-editor\" data-id=\"a086c75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>You may have heard it before, but Switzerland is still one of the few countries to have a wealth tax. Wealth tax is a tax that supplements income tax. Wealth tax is not levied by the Confederation.<\/p><p class=\" translation-block\">In addition to its contribution in terms of tax revenue, wealth tax is also a <strong>control tax<\/strong>.<\/p><p>By monitoring changes in the taxpayer's assets over time, the tax authorities are able to check that income has been declared correctly.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61af2ea elementor-widget elementor-widget-heading\" data-id=\"61af2ea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Items subject to wealth tax<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f0391b elementor-widget elementor-widget-text-editor\" data-id=\"2f0391b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The taxpayer's wealth is broadly defined. It includes all movable and immovable property. The following in particular are subject to wealth tax:<\/p><ul><li>the buildings<\/li><li>shares, bonds and transferable securities of any kind, capital outlays, contributions and limited partnerships representing an interest in a business, company or association<\/li><li>shares, bonds and transferable securities of any kind, capital outlays, contributions and limited partnerships representing an interest in a business, company or association<\/li><li>units in collective investments that own real estate directly, for the difference between the value of the total assets of the investment and the value of its directly owned real estate<\/li><li>mortgages and unsecured claims<\/li><li>the elements that make up commercial assets<\/li><li>life and old age insurance for their cash value<\/li><li>les bijoux et l&rsquo;argenterie, lorsque leur valeur d\u00e9passe 2&rsquo;000 CHF<\/li><li>livestock, both dead and alive<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-256cca5 elementor-widget elementor-widget-heading\" data-id=\"256cca5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Items exempt from wealth tax<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd6125 elementor-widget elementor-widget-text-editor\" data-id=\"bdd6125\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>furniture, including artistic and scientific collections that can be considered as such<\/li><li>clothing<\/li><li>household utensils<\/li><li>books for the use of the taxpayer and his family<\/li><li>capital paid in as savings (LPP)<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2dbebc elementor-widget elementor-widget-heading\" data-id=\"c2dbebc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Determining gross and net assets\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17471a6 elementor-widget elementor-widget-text-editor\" data-id=\"17471a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">Wealth tax is levied on the taxpayer's total net wealth <b>as at 31.12<\/b> of the year in question, after social security deductions. It is therefore important to make a proper assessment of this.<\/p><p class=\" translation-block\">In general, assets must be valued at <b>market value<\/b>. [Art.14 al.1 LHID] Market value means the <b>price that would be obtained in the event of a sale<\/b> under normal conditions.<\/p><p class=\" translation-block\">However, cantons may depart from this valuation method and use the <b>return value<\/b>. The yield value is obtained by dividing the yield for a given period by a capitalisation rate.<\/p><p>The yield value is mainly used for buildings used for agricultural purposes. On the other hand, property that is not used for agricultural purposes cannot be valued solely on the basis of yield.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1506b9 elementor-widget elementor-widget-heading\" data-id=\"b1506b9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Determination of gross assets<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f4c543 elementor-widget elementor-widget-heading\" data-id=\"8f4c543\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Moveable assets<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e61e39 elementor-widget elementor-widget-text-editor\" data-id=\"8e61e39\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\" translation-block\">The market value is decisive <strong>valuation at 31.12.<\/strong> of the year for which tax is due.<\/p><p><strong><span style=\"text-decoration: underline;\">Cash<\/span><\/strong><br \/>\u00a0Certificate from your bank as at 31.12.<\/p><p><strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.ictax.admin.ch\/extern\/fr.html#\/ratelist\/2021\" target=\"_blank\" rel=\"noopener\">Tax value Cryptocurrencies<\/a><\/span><\/strong><br \/>\u00a0Every year, the Federal Tax Administration publishes the exchange rates for each virtual currency of a certain size, compiling data from several platforms.\u00a0<\/p><p>In the absence of a valuation price, the cryptocurrency in question must be declared at its initial purchase price converted into Swiss francs and not at the price on 31.12.<\/p><p><span style=\"text-decoration: underline;\"><strong>Listed securities<\/strong><\/span><br \/>\u00a0This type of security is valued at its market value at 31.12.<\/p><p><span style=\"text-decoration: underline;\"><strong>Non-listed securities Switzerland<\/strong><\/span><br \/>\u00a0Non-listed securities are valued according to the yield and intrinsic value of the company in question. In practice, the cantonal tax authorities refer to the valuation rules set out in CSI Circular No. 28. Special valuation rules apply to real estate companies.<\/p><p>The valuation of Swiss securities will be provided to you directly by the cantonal administration.<\/p><p><span style=\"text-decoration: underline;\"><strong>Foreign unlisted securities<\/strong><\/span><br \/>\u00a0This type of security is treated in the same way as unlisted Swiss securities. The tax authorities must be provided with all the information they need to assess the company correctly, including balance sheets, profit and loss accounts, annexes and the purchase contract.<\/p><p>However, you can ask the tax authorities for a Ruling.\u00a0<\/p><p><span style=\"text-decoration: underline;\"><strong>Loans granted<\/strong><\/span><br \/>\u00a0A certificate signed by the person paying the benefit is sufficient.<\/p><p><span style=\"text-decoration: underline;\"><strong>Business assets<\/strong><\/span><br \/>\u00a0Are valued at their taxable value, which generally corresponds to the book value.<\/p><p><span style=\"text-decoration: underline;\"><strong>Life insurance subject to surrender<\/strong><\/span><br \/>\u00a0Certificate from life insurance provider at 31.12.<\/p><p><span style=\"text-decoration: underline;\"><strong>Jewellery and silverware<\/strong><\/span><br \/>\u00a0At market value, i.e. resale value under normal conditions<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cbff5a elementor-widget elementor-widget-heading\" data-id=\"3cbff5a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Real estate assets<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15bca94 elementor-widget elementor-widget-text-editor\" data-id=\"15bca94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><u>Buildings<\/u> <br \/>The tax value corresponds to the purchase price on the contract.<br \/>Properties subject to usufruct are taxable with the usufructuary.<\/p><p class=\" translation-block\"><u>Property<\/u><u> abroad<\/u><br>The purchase price of the property is decisive converted into francs using the tax rate for the year of acquisition. Property abroad is included only for the purpose of setting the tax rate.<\/p><p><u>Properties received as gifts\/assignments<\/u><br \/>The tax value corresponds to the value retained by the tax authorities at the time of the event.\u00a0<\/p><p><u>Rental properties<\/u><br \/>A property containing more than two dwellings is considered to be a rental property. Its value will be determined by capitalising the rents received and\/or the annual rental value. The <a href=\"\/en\/capitalisation rate\/\" target=\"_blank\" rel=\"noopener\">capitalisation rate<\/a> change every year.<\/p><p class=\" translation-block\"><u>Commercial <\/u><u>and\/or industrial property<br><\/u>This type of property is valued taking into account the current value of the land, buildings and ancillary facilities.<\/p><p><u>Farm buildings<br \/><\/u>Properties used for farming and forestry, including the part used as the owner's home, are valued at their yield value.\u00a0\u00a0<\/p><p class=\" translation-block\">It should be noted that the Federal Council has published the new guide to estimating agricultural yield value which came into force on 1 April 2018. <a href=\"https:\/\/www.blw.admin.ch\/dam\/blw\/fr\/dokumente\/Instrumente\/Boden-undPachtrecht\/Bodenrecht\/Brosch_F.pdf.download.pdf\/Brosch_F.pdf\" target=\"_blank\" rel=\"noopener\">Guide link<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38ce072 elementor-widget elementor-widget-heading\" data-id=\"38ce072\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Determining net assets<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ac7656 elementor-widget elementor-widget-text-editor\" data-id=\"5ac7656\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Wealth tax is levied on the taxpayer's total net wealth, which is made up as follows:<\/p><p>+ gross assets (movable and immovable) <br \/>\u00a0- debts (mortgage, unsecured and private)<br \/>\u00a0- social deductions (depending on your situation)<br \/>\u00a0= Net taxable wealth<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6302b2 elementor-widget elementor-widget-heading\" data-id=\"f6302b2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Gross assets<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a38992 elementor-widget elementor-widget-text-editor\" data-id=\"5a38992\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>All your movable and immovable property (see above) valued in accordance with the above as at 31.12. of the year in question.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1aae24 elementor-widget elementor-widget-heading\" data-id=\"d1aae24\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Debts<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3750a49 elementor-widget elementor-widget-text-editor\" data-id=\"3750a49\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Debts are deducted from gross assets.<\/p><p>They include :<\/p><ul><li>\u00a0unsecured debts (unguaranteed debts)<\/li><li>mortgage<\/li><li>justified private debt<\/li><li>Extracts from negative accounts<\/li><li>Interest receipts<\/li><\/ul><p>\u00a0<\/p><p>Debts can only be deducted from assets if they are actually owed by the taxpayer.<\/p><p class=\" translation-block\"><br>The <strong>guarantees<\/strong> may only be deducted in the event of the ascertained insolvency of the principal debtor. If the guarantee is by several people the calculation is made on a pro rata basis.<\/p><p><strong>Geographical breakdown of debt<\/strong><\/p><p>Persons who also own assets outside the canton of Geneva may deduct from their gross taxable assets only the portion proportional to the assets subject to tax in the canton.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ce5689 elementor-widget elementor-widget-heading\" data-id=\"5ce5689\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Social deductions on wealth<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb9342e elementor-widget elementor-widget-text-editor\" data-id=\"fb9342e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The canton of Geneva provides for flat-rate social security deductions on all net assets declared by taxpayers liable for tax in the canton:<\/p><p>82,200 -&gt; Single person without dependent children (e.g. single, widowed, separated or divorced)<\/p><p>164,400 -&gt; Single person with dependent children or living in a joint household<\/p><p>41,100 -&gt; for each additional child<\/p><p>\u00a0Deduction for the self-employed and partnerships : <br \/>\u00a0up to CHF 500,000 for half of the assets invested in the taxpayer's commercial, craft or industrial business; if a partner in an SNC: in proportion to his shareholding.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-665556f elementor-widget elementor-widget-heading\" data-id=\"665556f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Social security deductions on assets outside Switzerland<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf0ef11 elementor-widget elementor-widget-text-editor\" data-id=\"bf0ef11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>For taxpayers who, in addition to assets subject to tax in the canton, own assets outside the canton that are not subject to cantonal tax, the department allocates these deductions as follows <strong>proportionally<\/strong> assets subject to cantonal tax as a proportion of total assets.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22d6a2a elementor-widget elementor-widget-heading\" data-id=\"22d6a2a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Wealth tax calculation and scales<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8eed0b8 elementor-widget elementor-widget-text-editor\" data-id=\"8eed0b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Wealth tax is calculated in brackets that accumulate in stages.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22a6ee4 elementor-widget elementor-widget-image\" data-id=\"22a6ee4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"544\" height=\"487\" src=\"https:\/\/www.tax-services.ch\/wp-content\/uploads\/2022\/11\/Picture1.png\" class=\"attachment-large size-large wp-image-29736\" alt=\"Bar\u00eames imp\u00f4t de base et suppl\u00e9mentaire sur la fortune\" srcset=\"https:\/\/www.tax-services.ch\/wp-content\/uploads\/2022\/11\/Picture1.png 544w, https:\/\/www.tax-services.ch\/wp-content\/uploads\/2022\/11\/Picture1-300x269.png 300w\" sizes=\"(max-width: 544px) 100vw, 544px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29f3e42 elementor-widget elementor-widget-text-editor\" data-id=\"29f3e42\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To do this, you need to work out which band you are in and then apply the rate for the final band to the difference between the top band and the bottom band.<\/p><p><b>Example of calculation of wealth tax and supplementary tax for 2021<\/b><strong><br \/><\/strong><strong><br \/><\/strong>Calculation for a net worth of CHF 450,000 for a single person living in Geneva.<\/p><table class=\"table table-bordered\" border=\"1\" summary=\"\" width=\"221\" cellspacing=\"0\" cellpadding=\"1\" data-cols=\"3\"><tbody><tr><td class=\"active\" width=\"50%\">CHF 450,000<\/td><td class=\"active\" valign=\"middle\" width=\"50%\"><strong>Net wealth<\/strong><\/td><\/tr><tr><td>\u00a0CHF 82,040<\/td><td valign=\"middle\"><strong>Social deduction<\/strong><\/td><\/tr><tr><td>CHF 367,960<\/td><td valign=\"middle\"><strong>Taxable assets<\/strong><\/td><\/tr><\/tbody><\/table><p><b>Calculation of basic tax<\/b><\/p><p>Tax for levels fully exceeded 338,033: CHF 760.55<br \/>(cumulative tax (197.20+253.50+309.85))<\/p><p>Tax on the balance at the following rate: CHF 89.80<br \/>(367,960-338,033 = 29'927 * 0.3%)<\/p><table class=\"table table-bordered\" border=\"1\" summary=\"\" width=\"221\" cellspacing=\"0\" cellpadding=\"1\" data-cols=\"3\"><tbody><tr><td class=\"active translation-block\" width=\"50%\"><strong>Total supplementary tax<\/strong><strong><\/strong><strong> on wealth<\/strong>.<\/td><td class=\"active\" valign=\"middle\" width=\"50%\"><strong>850.35 CHF<\/strong><\/td><\/tr><\/tbody><\/table><p><b>Calculation of supplementary wealth tax<\/b><\/p><p>Tax for levels fully exceeded 338,033: CHF 28.20<\/p><p>(Cumulative tax (12.70+15.70))<\/p><p>Tax on the balance at the following rate CHF 9.00<\/p><p>(367,960-338,033 = 29,927 * 0.03%)<\/p><p><strong><br \/><\/strong><b>Total basic wealth tax CHF 37.20<\/b><\/p><p>Calculation of additional cantonal and municipal wealth tax :<br \/>The basic tax determined below should be :<\/p><ul><li>add the cantonal additional centimes<\/li><li>to add the additional cantonal centime to finance home help (1% of basic tax)<\/li><li>to add the additional communal centimes (calculated on the basic tax)<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f805d4 elementor-widget elementor-widget-heading\" data-id=\"8f805d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Tax advice: wealth tax\n<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae07649 elementor-widget elementor-widget-text-editor\" data-id=\"ae07649\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In this article, we take a general look at the wealth tax system. The most important thing to remember is that wealth tax is levied by the cantons and municipalities, not by the federal government, and that it is important to declare your wealth fairly.\u00a0<\/p><p>\u00a0If you want to avoid the calculations mentioned in point 4 and leave this task to the specialists, don't hesitate to get in touch with us. If you have any questions or requests, please contact us via our <a href=\"https:\/\/www.tax-services.ch\/en\/contact\/\">contact form<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Qu&rsquo;est-ce que l&rsquo;imp\u00f4t sur la fortune et comment est-il calcul\u00e9 ? Restez avec nous pour le savoir.<\/p>","protected":false},"author":1,"featured_media":29735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[54],"tags":[],"_links":{"self":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/29734"}],"collection":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/comments?post=29734"}],"version-history":[{"count":29,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/29734\/revisions"}],"predecessor-version":[{"id":31922,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/posts\/29734\/revisions\/31922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/media\/29735"}],"wp:attachment":[{"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/media?parent=29734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/categories?post=29734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax-services.ch\/en\/wp-json\/wp\/v2\/tags?post=29734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}