To whom do you bequeath your art? Dividing an art estate may be difficult. Since an heir can in principle not select any item. When dividing, all heirs have an equal right to the estate property according to Art. 610 para. 1 of the Swiss Civil Code. In the event of disagreement, an art object is to be allocated to… Read More »Bequeath art
Do works of art in a Swiss estate count as household effects or as an asset? What are the tax consequences? An art collection may qualify as tax-exempt household goods or taxable investment / asset in Switzerland. Critieria The decisive factors may be the ratio of the value of the art objects to the total assets, the type of insurance… Read More »Works of art as household effects or as an asset
The grandmother gifted the painting to her niece, and she sold the house to her grandson under a reservation clause. C was the owner of a house with art works, including a painting by the Swiss artist Carigiet. She gifted her niece B this painting by a written contract dated 20 January 2006. The painting remained in the house, as… Read More »Whom does a valuable painting in a house belong to?
