My girlfriend and I would like to open up a joint investing account at Interactive Brokers. We are evaluating what would be more beneficial from tax efficiency point of view, open 1 single join account or 2 separate accounts for each of us . I wanted to ask you the following doubts :
- So when it comes time to file your taxes in Switzerland , does both owners pay half the tax for earnings (dividend) from that account?
- Is it the Wealth tax also divided in half when it comes time to file your taxes if we both contribute the same? ( our UBS bank account is a joint account)
- How about the Withholding tax , can you divided in half the remaining 15% being credited for your income tax when filing DA-1 with Swiss Tax authorities ?
- Do you know if having 2 linked accounts the sum of the balance of the 2 accounts is higher than $100,000 then you don’t need to pay the $10 a month inactivity fees ?
Thanks for the help!