Private capital gains on movable assets (e.g. shares) are normally tax-exempt throughout Switzerland as long as an individual does not qualify as being a professional securities dealer. Capital gains realised upon selling Swiss non-movable assets, i.e. real estate, is however subject to a cantonal capital gains tax.
Do I have to pay Capital Gains Tax if I live abroad?
The only offshore tax tool which helps average Americans abroad is the Foreign Earned Income Exclusion. So, expats and those of us living and working abroad will pay US tax on our capital gains no matter where they’re earned.
Do you have to pay tax on capital gains in Switzerland?
In general, capital gains of Swiss residents are tax-exempt, provided these were obtained by selling private movable assets which aren’t assets of a company. Therefore, capital gains arising from securities transactions, for example, aren’t subject to any tax.
How are capital gains taxed in European countries?
On average, the European countries covered tax capital gains arising from the sale of listed shares at 19.3 percent. Capital gains are only taxed if they are regarded as professional income.
Which is the most taxed canton in Switzerland?
Examples of cantons with relatively low-income tax rates are Obwalden, Schwyz, Zug, Uri, Appenzell Innerrhoden and Nidwalden. The highest observed income tax rate in one of these cantons is around 17%. Examples of cantons with a relatively high-income tax rate are Basel-Landschaft, Vaud, Bern, Geneva and Zurich.
What is the personal income tax rate in Switzerland?
Generally, we can conclude that the total personal income tax rate in Switzerland doesn’t exceed 40%. For example, residents of the canton Schwyz are subject to a maximum personal income tax rate of 22% (covering the federal, cantonal and municipal level). What about capital gains tax?
