Inheritance taxes and donations in the Canton of Schwyz (cross-border guide)

Context

In a nutshell

• The cantonal law on inheritance and gift taxes in the Canton of Svitto is a rule that establishes the rates for inheritance and donations.
• The law came into force on 1 January 2023.
• The rates are established according to the degree of kinship.

Key facts

• What: Inheritance and Donation Tax
• When: 1 January 2023
• Where: Canton of Svitto
• Who: Cantonal law
• Amount: Rates established by law

The cantonal law on inheritance and gift taxes in the Canton of Svitto is a rule that establishes the rates for inheritance and donations. The rates are established according to the degree of kinship. The law came into force on 1 January 2023.

Inheritance taxes and donations in the Canton of Svitto

The cantonal law on inheritance and gift taxes in the Canton of Schwyz was adopted to ensure a balance between the protection of beneficiaries' rights and the management of public finances. The law provides that inheritance and gift taxes are applied based on the degree of kinship between the donor and the beneficiary.

Concrete examples

Suppose a citizen of Lucerne leaves a fortune of 500,000 francs to his grandchildren. According to cantonal law, the inheritance share for grandchildren is 50% of the estate. The inheritance tax would therefore be 50% of 5% (5% x 50% = 2.5%), or 12,500 francs.

References to Swiss cantons or cities

Operational details

The rates for succession and donations in the Canton of Schwyz are set by cantonal law. The rates are established according to the degree of kinship. For example, if a close relative receives a donation, the rate will be lower than that of a distant relative.

Implications

• The cantonal law on inheritance and gift taxes in the Canton of Svitto is a rule that establishes the rates for inheritance and donations.
• The rates are established according to the degree of kinship.
• The law came into force on 1 January 2023.

The rates for succession and donations in the Canton of Schwyz are as follows:

• For close relatives (spouse, parents, children, brothers and sisters), the rate is 4%.
• For distant relatives (grandparents, grandchildren, uncles and aunts), the rate is 10%.
• For other beneficiaries (friends, co-workers, etc.), the rate is 20%.

Here are some concrete examples:

• If a father leaves an estate of 500,000 Swiss francs to his children, the rate will be 4% (20,000 Swiss francs).
• If a grandparent leaves a heritage of 500,000 Swiss francs to his grandchildren, the rate will be 10% (50,000 Swiss francs).
• If a friend leaves a heritage of 500,000 Swiss francs to another friend, the rate will be 20% (100,000 Swiss francs).

The cantonal law on inheritance and gift taxes in the Canton of Schwyz came into force on 1 January 2023. It is important to note that the

Useful tools for your case

To verify your within/over 20 km tax scenario, use the net salary calculator and the tax return guide.

Key points

To calculate the rates for succession and donations in the Canton of Schwyz, you can use the tax calculator available on the website of the Canton of Schwyz. You can consult the cantonal law on inheritance and gift taxes in the Canton of Schwyz for specific rates and rules of application.

Inheritance and gift taxes in the Canton of Schwyz are regulated by the Law on Inheritance and Gift Taxes of 28 June 2013 (LSDS). The law states that inheritance and gift taxes are due on donations and successions of movable and immovable property.

The law states that inheritance and gift taxes are calculated based on the value of the assets transferred. The value of the goods is determined based on the market price. Inheritance and gift tax rates vary based on the value of the assets transferred and the degree of kinship between the donor and the beneficiary.

Concrete example:

Suppose a resident of Switzerland wants to donate his home valued at 500,000 Swiss francs to his son. The child has no other real estate and is not resident in Switzerland. Under the law, the free alienation of immovable property is subject to a 5% inheritance tax on the value of the property.

In this case, the value of the inheritance tax would be 25,000 Swiss francs (500,000 x 0.05). However, if the son had other real estate valued at CHF 200,000