Federal Stamp Duty Exemption: Who Qualifies and What You Get
Learn how to avoid specific transaction taxes when trading financial instruments through foreign brokers instead of local banks.
This scheme allows certain investors to avoid paying specific transaction taxes on their financial trades.
Who it's for
This is for investors who conduct trades using foreign brokers or certain specific financial instruments.
What you get
By utilizing this exemption, you can avoid paying the standard stamp duty on your trades. This includes avoiding a specific percentage on domestic trades and a different percentage on foreign trades.
What it costs you
There is no direct fee to access this exemption, but it requires you to use a broker that does not pass these costs on to you.
The catch to know
If you choose to trade through a Swiss bank, this duty is usually applied to your transactions automatically, meaning you will not benefit from the exemption.
How to apply
- Review your current trading methods.
- Determine if your broker is based outside of Switzerland.
- Confirm that your specific financial instruments qualify for the exemption.
- Consult with your financial provider to ensure the tax is not being applied to your account.