Switzerland

Details

  • Service: Tax, International Private Client Services
  • Type: Business and industry issue
  • Date: 10/17/2011

New Swiss federal inheritance and gift tax? 

The aim of the initiative, by amending the constitution, is to introduce a federal inheritance and gift tax of 20%. The new inheritance and gift tax is a tax at federal level which will be assessed and collected by the cantons.
Cover Swiss federal inheritance
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The inheritance tax would be levied presumably as of 2016 on the estate of individuals who had their last residence in Switzerland or on estates which are opened in Switzerland. Lifetime gifts from 1 January 2012 onward will be added retroactively to the estate and be taxed as well.

 

The new rules will also apply to individuals taxed according to the lump-sum regime in Switzerland.

 

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