hi there we are a Swiss family with two small kids and we are new to the Swiss FIRE community (following mainly blogs and podcasts from the US in the past few years).
ATM we have 2 incomes and have recently invested in real estate. We do the administration of our rental property ourselves as a night job, learning as we go along.
We hope that the income from the rentals will allow us to quit or massively reduce the need for paid work in the coming years: We want to spend as much time as possible with our young kids - hopefully lots of it outdoors. We are ok at managing our spend, being pretty frugal about purchasing things etc.
To understand whether we are close to making the dream come true, we feel we need to understand more about tax: it is such a big factor on 2 salaries plus the new rental income - and something that would change if we reduced the income from our salaries.
Did any of you also make the experience that it is hard to talk to tax advisors who are not familiar to the idea of FIRE?
Can anybody recommend tax advisors who specialize in FIRE or understand the logic?
Ideally someone with some knowhow around real estate dos-and donts when it comes to tax and accounting.
hi there, thank you for your reply. we of course consulted somebody before investing in real estate but we felt other than the basics he could not really help us. A concrete example was to calculate a tax scenario with current income plus rental income - he did ok. But we when we wanted to understand scenarios where we quit one of the jobs or reduced salary income in other ways he could not really model the net income after tax in a convincing way (the rental property is in a different canton than where we live ZH).
Also we are still pretty green on handling topics like Erneuerungsfonds, Mehrwertsteuer on the rental property etc.
So we just thought there are maybe people in this community who work in tax and have been on the same journey as us or who really understand the specific scenario we find ourselves in. more out of the box thinking than any of the tax people we have so for dealt with.
Many people here seem to read into that kind of topics out of interest and then run their own numbers. At least I do, so I can’t recommend you someone.
Maybe that’s unfair to the average tax advisors or accountant, but I’d imagine they are used to answer specific questions, rather than running simulations and make recommendations? Although your example is kind of specific, so maybe you just had bad luck.
Possibly, what you are looking for isn’t a tax advisor that gets financial advice, but a financial planner that gets taxes and real estate? Maybe it’s very similar, education wise, but with a different focus, it’s only a wild guess.
3 Likes
By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
Durch das Lesen und die Teilnahme an diesem Forum bestätigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.
we are a Swiss family with two small kids and we are new to the Swiss FIRE community (following mainly blogs and podcasts from the US in the past few years).
