Rio Tramacere
Tax expertise
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Tips on how to save tax
Prefer insurance to debt obligations
It is best to choose products that are tax-privileged under Pillar 3b. Mixed single premiums, for example, are tax-free when paid out, provided certain conditions are met - ask your tax and financial advisor for more information.
Ensure optimal dividend flow
Regular distributions of long-term dividends are also recommended. However, the tax burden on dividend gains can vary greatly depending on where you live. It is therefore worth discussing all options with your tax adviser.
Take advantage of building savings
Within the framework of pillar 3a, it is possible in Switzerland to save taxes on building savings. Saving with banks is more flexible than saving with insurance companies. The latter is only recommended if you also want to insure against a possible loss of income.
Use the real estate maintenance for tax relief
If work is carried out on a property that preserves its value (not increases its value), this expenditure is deductible from income tax. This means that up to 45 percent of the maintenance costs for the property are subsidized by the state.
Plan company succession in good time
At least five years before the planned sale, you should meet with an experienced financial and tax adviser to avoid tax traps. Because these are sometimes little known and can be treacherous. So, it's better to analyze and plan in peace with a specialist, because a company sale can be very lucrative, or cost high taxes.
Reduce inheritance and gift tax on properties
In particular, transfers of assets to distant relatives or non-relatives typically incur high inheritance or gift taxes. Keep in mind that non-marital partners also fall into this category in most canton.
In the event that the tax burden in the canton of residence is lower than in the canton of location, one should consider selling the property to the beneficiary in exchange for a loan. At a later date, the loan can be given away or inherited.
tax and financial advisers
Would you like to save taxes?
You are not alone!
However, many people do not know how to do this in practice.
In this article, we would therefore like to give you a few valuable tips on saving taxes with tax advisors and financial advisors in Switzerland.
Optimize salary payments
If you are an entrepreneur ...
and are employed in your own company (AG or GmbH) and receive a salary, this should be as high as possible, as this prevents a double taxation of the company profit with taxes. The same applies if the partner works with the company.
Although high salaries generally lead to higher taxes, private tax planning opportunities in the pension sector are also increasing - on the bottom line, which is usually much more advantageous.
Advantages and disadvantages
Insurance Broker
Create debt interest
Debts save taxes. But of course the return on the investment must be right. The framework within which the taxable debt can incur is provided by the debt interest rule that came into force in 2001.
Hold securities, if possible, in private assets
Capital gains on shares are privately tax-free, while they must be taxed as business assets. Conversely, of course, you can also deduct losses from your business. It is usually advantageous if you transfer the securities into private assets at low prices.
Make back payments to the pension fund
Whenever possible, you should make additional payments into the pension fund, because you can save quite a lot of taxes in this way.
In the event of a divorce, opt for a maintenance pension instead of a capital payment
Anyone who pays the spouse and children as a monthly allowance after the divorce can deduct these benefits from the tax. Who makes a capital payment, can not do this.
Take advantage of the tax home ownership
Within the framework of the Home Ownership Promotion Act, you can use an early capital withdrawal from the pension fund if the money used for the purchase or renovation of a residential property that you live in yourself. It can also be used to pay off or amortize the mortgage on your own home.
wealth tax
Optimize your wealth tax
Wealth tax is levied on properties where the property is located. You can therefore benefit from favorable wealth tax rates if you own the property in the right place. Therefore, it is better to analyses with a good tax advisor before investing!
Also, keep in mind that real estate is taxed on its tax value and not on its market value.
saving taxes
Conclusion on saving taxes with tax and financial advisors in Switzerland
As you will have noticed when reading the tips, saving taxes is a very complex issue. In addition, we have only listed a few examples here, a professional and competent tax and financial advisor naturally knows many more legal ways to reduce your tax burden.
Tax and Financial Advisor
It is therefore always worthwhile to make use of the services of a tax and financial advisor, as the savings are usually far higher than the costs.
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