Would appreciate some help from those who have experience with reporting value of non-listed stocks in the Swiss tax return.
I invested in a couple of start-ups in Asia last year, which are not yet listed, as a minority share holder (<5-10%) in each, as part of their early funding rounds. One of these firm has made no profit yet nor has it distributed any dividends. The other has had declared a small operating profit but this is fully reinvested in the operations and hence no dividend as well yet.
How should I report the value of these investments from a wealth tax perspective ? Could you guide me how to estimate the values to be reported : say I had invested CHF 10K each, should I report these as 10K each ?
I understand that there are certain formulae (per KS/CI28) to be applied (and Zurich even has a specific one for start-ups, but so not in Geneva for me) but I am still trying to figure out how to interpret those guidelines.
The below link is to “Guidance on the valuation of securities without market value for the wealth tax” and might be useful (German):
https://www.steuerkonferenz.ch/downl…D_20180326.pdf
Thanks. This is the same 53 page complex document I referred to above (KS 28) that I am still trying to figure out Looking for someone to explain this in layman's terms for my case above.
You are looking for very specialized advice. Go see a tax advisor that is what they are there for.
If the amounts you cited are close to reality (10k) I would personally just declare as such and if the tax authorities have questions, then only I would go down the more complex route. Given this affects wealth tax at the moment and the amounts are small, I would not worry about it.
If the amounts are much bigger then I would go to the tax office and ask for help - they are typically very helpfully. If this fails then indeed profezadvice is the way.
Tax authorities in CH are helpful and if you make what they deem a mistake, it just gets corrected.