According to a resent study, the Swiss in fact inherit more than their European neighbors. The Swiss inherit an average legacy around half a million francs. Yes that is a lot of money but before you go about wondering why you aren't like any of these lucky "over 50" folk, you might just look closer at the facts.
- In Switzerland, inheritance and gift taxes are only levied by cantons and/or municipalities.
- Almost all cantons do not tax transfers between husband and wife and about half do not tax transfers between parents and children.
- Where children are taxed, the rates are usually very low (1%-6%).
- Transfers between non-related persons are taxed at up to 60% in certain cantons.