Im a UK resident who, in the future will possibly apply for a green card (I have an American girl friend).

I understand that if I become a green card holder, I'd be liable to declare my worldwide income.

This is of course fine.

I do have a business in Switzerland. But although Im a partner, I dont earn a single cent from it. Nothing. However, I have 50% ownership of a property that the business owns.

So the question is:

Q) Will I have to submit the accounts for the Swiss Business even though Im not on the payroll - and the business makes hardly any profit each year. I can of course get our accounts each year - BUT - they will be in Swiss German!

Q) Will I need to have this translated!? Is there any format/procedure to this!? Will it have to be translated by my Swiss accountants? - and if so - which parts of the documentation need to be translated!?

And lastly, I plan on selling my share of the business (& the property) in the future.

I was told that if I sell the business (and property) after I aquire a greencard - that I will be liable to 15% tax of the profit I'd made. I also understand that any tax paid (on selling) in Switzerland will be deducted from the 15%!?

Q) Is this correct!?

I will effectively have ALL the paperwork for this - as we'll need to do the same in Switzerland. But again, it will be in Swiss German.

Q) Would this be a problem if its presented in Swiss German!?

I know this is a very unique set of questions, so if you can shed any light on the matter, it would be greatly appreciated.

Many thanks in advance.

Dave

I'm a UK resident who, in the future will possibly apply for a green card (I have an American girl friend).

I understand that if I become a green card holder, I'd be liable to declare my worldwide income.

This is of course fine.

I do have a business in Switzerland. But although I'm a partner, I don't earn a single cent from it. Nothing. However, I have 50% ownership of a property that the business owns.

So the question is:

Q) Will I have to submit the accounts for the Swiss Business even though I'm not on the payroll - and the business makes hardly any profit each year. I can of course get our accounts each year, but they will be in Swiss German!

Q) Will I need to have this translated? Is there any format/procedure to this? Will it have to be translated by my Swiss accountants? - and if so - which parts of the documentation need to be translated?

And lastly, I plan on selling my share of the business (and the property) in the future.

I was told that if I sell the business (and property) after I acquire a greencard - that I will be liable to 15% tax of the profit I'd made. I also understand that any tax paid (on selling) in Switzerland will be deducted from the 15%?

Q) Is this correct?

I will effectively have all the paperwork for this - as we'll need to do the same in Switzerland. But again, it will be in Swiss German.

Q) Would this be a problem if it's presented in Swiss German!?

I know this is a very unique set of questions, so if you can shed any light on the matter, it would be greatly appreciated.