Other assets

Other assets are assets that do not fall under Real Estate or Securities. These include in particular motor vehicles, life and annuity insurance policies with a surrender value, cash, gold or other precious metals, as well as collections or valuable items.

The decisive factor is always the value as of 31 December of the tax year. This value is relevant for wealth tax.

Private motor vehicles must be declared at their current market value. As a rule, the value decreases each year by around 40 percent of the remaining value. If you enter the purchase year and the purchase price, iqtax calculates the relevant remaining value. Leased vehicles do not need to be declared.

Other assets also include artworks, jewellery, collections, boats or aircraft. Normal household effects such as furniture or everyday items do not need to be declared.

You own a life insurance policy with a surrender value of CHF 250'000. This amount must be declared as taxable wealth.

You own 250 grams of gold in a bank safe deposit box worth CHF 30'000. This amount must be declared as taxable wealth.

You have a Pillar 3a insurance policy. This does not need to be declared as wealth.

You own furniture and household appliances of normal value. These do not need to be declared as wealth.

For life or annuity insurance policies, you need the annual contribution statement from the insurance company showing the tax value or surrender value as of 31 December.

For motor vehicles, no document is required.

Open Other Assets and select the appropriate category, for example motor vehicle or life insurance.

Enter the value as of 31 December and upload supporting documents if required.