The directive of the Finance Directorate of the Canton of Zurich on the valuation of usufruct and claims to periodic benefits for inheritance and gift tax purposes has been updated due to changes in life expectancy.
On the basis of the annual income or annual benefit, the tax-determining value of a usufruct or a periodic benefit for inheritance or gift tax can be determined using age, capitalisation rate and capitalisation factor.the amended directive replaces the previous directive of 22 November 2001 with effect from 1 January 2021 and can be downloaded here.
