tax Archive - Frehner Law

Works of art as household effects or as an asset

by Tamara Frehner
December 7, 2022January 4, 2023

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

Waiver of the usufruct of the residential house

by Tamara Frehner
November 4, 2022January 2, 2023

A testator grants his housekeeper, who lives with him, the usufruct of the residential house in his will. The housekeeper reounses the usufruct. A right of use has an objective value: the property can be lived in or rented out to third parties. The usufructuary receives the rental income and bears the expenses (ordinary maintenance, mortgage interest, taxes, duties and… Read More »Waiver of the usufruct of the residential house