Do building renovation funds qualify for Swiss inheritance tax?

My mother recently passed away and left me her apartment. The apartment came with a substantial share in the apartment house’s building renovation fund. Because the building has not been renovated in almost two decades, my share of the fund comes to more than 100,000 francs. I can’t imagine that this money be taxed as an inheritance because I can’t touch it. It will go straight into renovating the building. Anyway, I thought I would ask to make sure.

Unfortunately for you, the assets held in the building renovation fund are counted as transferable wealth. As such, they are subject to inheritance tax. However, exact regulations and inheritance taxes vary between cantons.

As a rule, inheritance tax is levied at the bequeather’s last place of residence – in your case the municipality in which your mother was last registered. The amount of tax you will pay depends on the inheritance tax policies of that municipality and canton.