Are my trading profits taxed in Switzerland? I hear there is no capital gains tax in Switzerland. But will I be taxes according to the income tax?
Let's say I make a living off trading (with financial instruments such as stocks and futures) in Switzerland.
As Wheat Hoarder GmbH you will pay both. This has been covered before. The search function is your friend - or the foot of this page...
I've tried searching, but I've never come across any concrete information. Okay, so let's say I start Wheat Hoarder Trading Operations GmbH. What do you mean I'll be charged both capital gains and income taxes? I wouldn't have any income other than trading profits.
What kind of tax rates, approximately, are we talking about? Between 20% and 30%?
There is no personal CGT on shares, however if your a trader you may be taxed as a business
As a private individual, if you trade frequently and this is deemed to be a professional activity, then you pay income tax on the gains made. You also pay wealth tax on your net assets.
If you trade occasionally for the purpose of building e.g. a pension fund, then capital gains are tax free.
Do you know what it takes for the activity to deemed "professional"? And what approximately is "frequent"?
I mean, if I make say 100 trades (buys, sells, or short sells) per year, is that "frequent"? Also, I technically speaking am doing this trading to increase my wealth, so it could be said that I'm doing this to "build my pension". Wondering if that makes it tax-free...
As far as I know, if you have a high volume of trades, the authorities could consider it as a professional activity, and it would be taxed. In that case, what I dont know is, if every trade should be taken into consideration in the accounting. Does anybody anything about it?
This is something that bothers me. My earnings are fairly low , below capital gains, possibly 100 trades a year
how about stocks held by people working in startups ? Is there a tax on that if and when the gains are realized ?
I do this having a B Permit and less than 120k per year salary, should i do something?