4. Household furnishings

Regulations: Art. 4.Four Wealth Tax Law

goods are exempt, meaning personal and household effects, household utensils and other personal property for the taxpayer's private use.

Exceptions are:

• The jewerly,

• Luxury leather goods, cars,

• Two- or three-wheeled vehicles with a cylinder capacity equal to or greater than 125 cubic centimeters,

• Recreational or water sports vessels,

• Aircraft, and

  See in this regard the rules for the valuation of assets and rights in Chapter 3 of this Manual, section " Vehicles, jewellery, luxury furs, vessels and aircraft ".

• Art objects and antiques.

  See in this regard the rules for the valuation of assets and rights in Chapter 3 of this Manual, section " Works of art and antiques ".