Investing through a vehicle

C

Coflexcin

New member
Dear Baptiste and all,

As this is my first message in your blog and forum, I want to start with thanking you for the awesome job you are doing. You open my eyes and released me from my life insurance 3A (now I see how evil they are), and moved to Finpension.
Also, your blog is my place to go for any finance or expense-related subject, from brokers to mobile subscriptions.

I recently did my tax declaration, and I realized how aggressively capital profits are taxed: my gained interests from Cashare are taxed at 35% in Kanton Zurich, if I am not mistaken.

I wanted to asked you if you have analyzed the option of investing through a vehicle in Switzerland (if you wrote a post about it, I may have missed it), or if anyone in the forum has experience with that.

Many thanks!
 
Coflexcin said:
I recently did my tax declaration, and I realized how aggressively capital profits are taxed: my gained interests from Cashare are taxed at 35% in Kanton Zurich, if I am not mistaken.
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I guess 35% is the withholding tax which is automatically deducted by e.g. Swiss banks. Does Cashare deduct the withholding tax? If yes, you shouldn't worry: you will "get back" the difference between 35% and your overall income tax rate from the tax office - if you declare them, for sure.
 
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Coflexcin said:
As this is my first message in your blog and forum, I want to start with thanking you for the awesome job you are doing. You open my eyes and released me from my life insurance 3A (now I see how evil they are), and moved to Finpension.
Click to expand...
Well done for getting rid of your life insurance 3a! And thanks for your kind words :)
Coflexcin said:
I recently did my tax declaration, and I realized how aggressively capital profits are taxed: my gained interests from Cashare are taxed at 35% in Kanton Zurich, if I am not mistaken.
Click to expand...
This is only the withholding tax (as pointed out by @Max), but gains in services like cashare are indeed taxed at income-tax-level.
Coflexcin said:
I wanted to asked you if you have analyzed the option of investing through a vehicle in Switzerland (if you wrote a post about it, I may have missed it), or if anyone in the forum has experience with that.
Click to expand...
What do you mean by investing through a vehicle? Are you talking about a motor vehicle or a legal entity investing for you?
 
gaijin said:
I have a Cashare account (one of my worst investment decisions ...) but see no withholding tax on their statement.
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Out of curiosity, why was Cashare your worst investment decision? Did you have lots of loans defaulting? Just curious to have some more details on your experience with Cashare
 
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