Navigating Trusts in Switzerland: Tax Challenges and Opportunities
Francois-Serge Lhabitant
Abstract
Switzerland, a global wealth management leader, does not recognize trusts under its civil law yet interacts with foreign trusts via the 2007 Hague Convention. This duality complicates taxation for settlors, trustees, and beneficiaries with Swiss ties. This memo examines these tax rules, focusing on practical outcomes for residents.