Estate tax treaty US-Switzerland [2024]

Taxes
209

I believe the worry here is for tax exempt portion because even that money required paperwork to get „all clear“ for IRS.

This has been extensively discussed here and I think conclusion was

  • invest in US ETFs and be ensure the benefactors are mentally and logistically prepared for IRS paperwork
  • Using European broker might have a bit more flexibility than US broker in terms of blocking of funds while paperwork is pending
  • If above is psychologically draining then ignore the US ETFs and go ahead with UCITS. The difference is anyways about 0.1% per annum.
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210

But using a European broker doesn’t save you from the paperwork. You might be able to get the funds released earlier, but you’d still need to file the paperwork.

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211

Let’s move this discussion to the dedicated thread, please :slight_smile:

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212

That’s true

213

Just send them a note that you’re willing to pay the minimal custody fee (CHF 50 per quarter) or else … (IBKR).

Worked for me.

I’d rather have the 200 bucks for myself and say, spend it on a nice dinner, than sending the 200 bucks up Marc Bürki’s esteemed behind – after all, he’s already garnering over a million CHF for his SQ CEO gig.

YMMV, of course.

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214

Aren’t these 200.- tax-deductible and therefore partially recoverable as a tax deduction?

Dinner is served !

I’ve been reading here and there that it’s possible to negotiate the spreads with Swissquote. However, I imagine that requires a certain track record and/or a significant amount to be considered. What have been the members’ experiences with Swissquote’s support on this matter?