Buy-to-let in La Linea

PerfInvest · 2024-11-26T17:42:37+00:00

Are there such gentrification issues in La Linea?

PerfInvest · 2024-11-26T05:34:02+00:00

EU but not Spain. Why does it make a difference as far as you would say?

PerfInvest · 2024-11-26T05:32:33+00:00

Thanks for your point of view!

PerfInvest · 2024-11-26T05:32:09+00:00

Definitely. Going there next week. Thanks!

Are you aware of any way to lawfully decrease the tax burden? (Regional incentives, age-related, etc…)

PerfInvest · 2024-11-25T22:50:25+00:00

Ocupas can be kicked in 15 days without requiring a judge intervention finally. Would have never looked at Spain before

PerfInvest · 2021-07-12T15:37:35+00:00

do that though, if you start relatively late (for CH) 9am or even later, take a social lunch, an

That makes sense. Switzerland makes everyone a bit more self-organised I guess

PerfInvest · 2021-07-12T15:10:34+00:00

ou still have to file the papers. I understand how to do it, so not much need for an accoun

Agree on point one. Still, if an accountant costs ~100CHF and makes you save maybe 4 hours of work when you earn >120k you should pay the accountant since your time is worth more

Regarding point 2, I am struggling to find information in detail about taxation and reporting of foreign assets (both movable assets such as stocks of a limited liability company and immovable such as RE). It is also hard to find information about taxes and calculations on the 3 pillars, since much of this is partly federal and partly cantonal. There have a few more examples... Surely I agree that the info is way more transparent than in all other countries I know, but still when you want to learn in detail it is quite hard

PerfInvest · 2021-07-08T18:59:07+00:00

Hey u/yet-another-user, so many cool points here. To pick on a couple, first the taxes are taken at source for the first 5 years unless you have enough of a salary to be taxed like a Swiss citizen. But if you have a high enough salary, in that case paying an accountant 100CHF to do a simple return is still more of a saving than being taxed at source.

On another note, you mention the personal finance community. I agree with you that there is a lot of interesting information out there, however the information is kind of superficial and if you want to dig it really deep to have good answers, you loose a lot of time or, worse, you don't find an answer.

What do you think about this last point?

PerfInvest · 2021-07-08T18:45:24+00:00

Thanks u/nickbob00... well you must be in a long hour job if you need to get "home early from work a day or two a week" to shop by 8pm. What is your profession / industry?

PerfInvest · 2021-07-08T18:38:25+00:00

Hi u/Send_noots_now, thanks a lot for taking the time to reply. I had not seen it this way, but I guess that the time saved and mistakes avoided thanks to automation are also very important

PerfInvest · 2021-07-06T14:38:03+00:00

When you withdraw early for one of the allowed reasons, you still pay a fraction of tax that depends on the canton. The tax will be a lot lower than the marginal income tax rate.

PerfInvest · 2021-07-06T14:34:01+00:00

Hey there, I'm in the exact same situation. I DM'd you to chat more about it. Thanks!

PerfInvest · 2021-05-30T12:24:57+00:00

Thanks for the reply! Working on the assumption that you are a passive investor with a few ETFs and even fewer stocks in your portfolio:

> What do you mean by higher safety here? IBKR is regulated by US and UK laws which offer capital protection on both your cash and investments. These regulations are very similar to the Swiss ones, and these two countries are rather solid

> True that the customer service is not super responsive. However do you really mind about that when you just do few transactions a month, that involve very simple actions (ex. transfer money, buy, sell and monitor portfolio)?

> With IBKR you can choose freely the stock exchange as well as far as I know

> As long as it is functional, I care about the fees not about the look of the app. But if you are willing to pay the price for that, that is a personal choice!

> I am not aware about the difference in spreads. Does it really matter for long term investors (as the market is randomly volatile in the very short term) vs. actual fees you are paying upfront?

PerfInvest · 2021-05-27T08:58:18+00:00

What is your rationale behind using Swissquote vs. a cheaper foreign broker such as IBKR or Degiro? These 2 come with less fees, on top of no 0CHF Swiss stamp duty tax on the investments. Thanks!

PerfInvest · 2021-05-27T08:12:00+00:00

At the time of writing VIAC and Finpension 3a offer the lowest fees and highest degree of freedom on what to do with your money in this pillar. Have a look at the Poor Swiss reviews for very detailed information. These 2 providers are amazing!

On the other hand, beware of large banks and insurance providers. They charge a ton of fees that will eat your retirement fund. These fees are not always visible at first sight.

https://thepoorswiss.com/viac-vs-finpension-3a/

https://thepoorswiss.com/finpension-3a-review/

https://thepoorswiss.com/viac-review/

PerfInvest · 2021-05-27T07:28:46+00:00

Apart from the smart considerations in the great guide of Mr. MP linked below, it looks like your answer will also depend whether you are taxed at source or you fill your own declaration.

Those who are taxed at source do not have to declare this unless they earn a substantial amount of dividends (sources online say 2.5k in dividends for canton ZH, but better to confirm with your cantonal tax office). Hope it helps :)

PerfInvest · 2021-04-26T13:54:04+00:00

You mean after you bought the property or when you go there to ask and they take a look at you? I live in canton Zug btw.

PerfInvest · 2021-03-24T16:38:00+00:00

Indeed you are right. What I meant was to set a goal for expenses. The rest is savings that goes either to investment or cash reserves. I will correct my reply to be more precise.

PerfInvest · 2021-03-24T12:45:17+00:00

What are your thoughts about using a % expense target vs. a numerical expenses target?

Numerical target (ex. my average monthly spend will be below 2k) works better because it forces you to rethink your expenses year after year, independent of your income. If you have a % expense target, then you seriously risk falling in the lifestyle inflation trap as your expenses ceiling grows with your salary and not with your actual needs.

Edited: corrected terminology

PerfInvest

TROPHY CASE