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Deductibility of asset management costs in tax assessment

3-RV.2013.4Special Administrative Court / Tax ChamberJun 20, 2013Partially Granted

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Extracted by Omnilex

Omnilex summary

The Spezialverwaltungsgericht, Tax Division, partly upheld the taxpayers’ appeal in a 2008 tax matter. It held that administration costs for movable private assets are deductible under § 39 Abs. 1 StG and that legal fees incurred to secure assets may also qualify as deductible asset management costs. As a result, the taxpayers’ taxable income for 2008 was reduced by CHF 82,934, from CHF 178,751 to CHF 95,817.

Omnilex headnote

§ 39 Abs. 1 StG; deductibility of asset management costs for movable private assets and legal fees incurred to secure assets. Administration costs for movable private assets are deductible if they are borne by third parties and not refundable or creditable foreign withholding taxes. Legal fees may qualify as deductible asset management costs when they are incurred to safeguard assets. Where deductible and non-deductible elements are not clearly separated, the admissibility of the deduction must be assessed on the basis of the circumstances and the applicable cantonal practice (consid. 6.2 ff.).

Full text

430 Spezialverwaltungsgericht 2013 sprechend nicht erzielt hat. Sein steuerbares Einkommen 2008 ist deshalb von CHF 178'751.00 um CHF 82'934.00 auf CHF 95'817.00 zu reduzieren. Der Rekurs ist somit teilweise gutzuheissen. 84 Ermessensveranlagung; Verfahrenspflichtverletzung (§ 191 Abs. 3 StG) Wenn eine steuerpflichtige Person alle eingeforderten Akten einreicht, kann keine Ermessensveranlagung wegen Verfahrenspflichtverletzung erfolgen. Aus dem Entscheid des Spezialverwaltungsgerichts, Abteilung Steuern, vom 20. Juni 2013 in Sachen H.F. (3-RV.2013.4). 85 Gewinnungskosten; Vermögensverwaltungskosten (§ 39 Abs. 1 StG) Pauschale Vermögensverwaltungskosten von 3‰ des Wertes eines Depots; Anwaltskosten zur Sicherung von Vermögenswerten zählen zu den abzugsfähigen Vermögensverwaltungskosten. Aus dem Entscheid des Spezialverwaltungsgerichts, Abteilung Steuern, vom 19. September 2013 in Sachen L. + V.F. (3-RV.2012.152). Aus den Erwägungen

6.2.

6.2.1.

Gemäss § 39 Abs. 1 StG können bei beweglichem Privatvermögen die Kosten der Verwaltung durch Dritte und die weder rückforderbaren noch anrechenbaren ausländischen Quellensteuern von den steuerbaren Einkünften abgezogen werden. (...)

6.2.3.

Gemäss der Rechtsprechung des Spezialverwaltungsgerichtes kann, wenn von Vermögensverwaltern die abziehbaren und die nicht abziehbaren Kosten nicht klar getrennt ausgewiesen werden, die im Kanton Zürich geltende Praxis einen Hinweis darauf geben, wie die

Keywords

taxationasset management costsdeductionlegal feestax assessmenttaxable incomeappeal

Extracted by Omnilex

Key legal questions extracted by Omnilex

Key legal question

Whether attorney and asset management costs are deductible as administration costs for movable private assets under § 39 Abs. 1 StG.

Extracted holding

Such costs may be deductible if they qualify as third-party administration costs for movable private assets; attorney costs incurred to safeguard assets can fall within that category.

Extracted reasoning

The court referred to § 39 Abs. 1 StG and held that administration costs for movable private assets are deductible. It also accepted, in principle, that legal fees incurred to secure assets can count as deductible asset management costs.

Key legal question

Whether the taxable income for 2008 had to be reduced.

Extracted holding

Yes. The taxable income for 2008 was reduced from CHF 178,751 to CHF 95,817.

Extracted reasoning

Because deductible costs were recognized, the assessment had to be corrected downward by CHF 82,934.

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