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I am a Swiss national, currently living in a nearby foreign country. Said country is slowly going bankrupt and I wish to move my savings to Switzerland. My point is not to pay less taxes, but to keep the money in a safe democratic country where I can be certain the cash won't "disappear". I also intend to go back to Switzerland in a few years.
I am legally allowed to do that, provided my Swiss account is declared to my local government. I must also make sure to pay taxes on dividends. To avoid paperwork, the simplest solution for me would be to buy a ~World/SP500 ETF generating as few dividends as possible, so that my account can stay passive.
However, I see that Switzerland considers capitalizing ETFs the same a distributing dividends (to avoid an obvious tax loop hole).
Which ETF replicating World/NASDAQ/SP would you point me to regarding this issue ? My point is to generate as few paperwork as possible (close to no dividend) with minimal cost. I would also rather stay on a CHF-based ETF.
I also understand zero capital gain only applies to finance non professionals. Considering my Swiss income will be exactly zero, will I be considered a finance professional ? Can I show the Swiss tax authorities that I generate revenue in a foreign country ?
Any other advice regarding that migration would be very much welcomed!
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- 3 months ago
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