Swiss tax on inherited agricultural land in UK

Bit of an odd question I hope someone might have a view on:

I’m tax resident in Baselland since around 20 years
My family own a farm in UK, when my father passed away I inherited a % of the land asset
The farm business is run now by my brother and mother, living in UK, in a legally drawn up Farming Partnership

My fathers Will bequeathed the land to the 3 of us. The land will now be owned jointly by the Farming Partnership (Mother and Brother) and me
I will soon therefore have formal ownership of a % of the land, through a ‘Declaration of Trust’ on the UK land asset

I’m not involved in the farm business, don’t own any of the buildings, machinery, cows etc. nor draw any income from the farm or land

How should I declare this on the Swiss tax return?
My guess would be I declare it as an inherited asset, with estimated value (from the Will and UK inheritance tax valuations)
Then this gets taken into account on Wealth tax as a worldwide asset

Any other considerations or advice much appreciated, thanks

That’s it.

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You won’t need to file an inheritance tax specifically (cos your father is not Swiss resident so no inheritance tax is due in Switzerland), on your normal tax declaration for the year you received the inheritance you will add it in the corresponding section as an FYI for increase in wealth and (for that year but also for all next years) you just add it to your wealth. I am not 100% but it sounds like foreign real estate, so it probably will count towards your tax rate but not taxable wealth.

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Even if @swisstractor’s father was Swiss, there would be no inheritance tax in Baselland as the heir is the child. On a federal level, there is no inheritance tax.

Pretty sure that the property abroad counts towards towards the wealth and the wealth is taxed.

If unsure, it’s usually best to ask the tax office – in my experience they’re friendly and will guide you better than a lawyer.

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