+++ Capital allowance +++

Hello stock market players,

in today's post we take a look at the capital allowance. Have fun :)

The capital allowance is 801€ for singles and 1602€ for married couples. This is to be increased in 2023 to 1000€ and 2000€ respectively.

But why do I make a contribution to this?

It's simple: Are you already using your capital allowance (you should)? Since you save taxes in the long term and thus valuable money.

How is this covered?

Either you select dividend stocks or distributing ETFs to secure the 801€ per year with dividends or you sell your securities with profit to use this allowance.

Own opinion & conclusion

I use the allowance annually through sales and dividends.

However, I think the capital allowance should be massively increased, because it does not even compensate for inflation and does not encourage investing.

Thus, for example, I would enforce the sale of shares after 5-10 years as tax-free.

Have you already covered your allowance?

🦍 = No

🚀 = Clear

#aktien
#aktie
#freibetrag
#dividende
#dividenden

+++News in December+++

Hello stock market players,

I show you in this post the changes in December 2022.

Finance:

-Public sector rates will increase by 2.8%.

-Emergency assistance for gas & district heating customers.

-Submission of voluntary tax return until of 2019 by the end of the year.

-Application for certificate of loss of deposit -> use capital allowance.

-Payment of energy price lump sum for pensioners in the amount of 300€ gross.

-Inheritance & gift tax will be more expensive from next year -> Best to go to the notary this year.

General:

-Extension of telephone sick leave until the end of March 2023.

-December 8, every cell phone user gets a loud test warning text message at 11 a.m. to protect against long-term disasters.

-No uniform ban on fireworks on New Year's Eve.

-Gifts for Christmas should be sent early.

-> Letters and postcards within Germany by 22.12.

-> Letters and postcards within Europe by 14.12

-> Letters and postcards outside Europe by 7.12

-> small parcels and packages within Germany until 20.12

-> parcels and packages within Europe until 12.12

-> parcels and packages outside Europe until 29.11

-Environmental bonus for plug-in hybrids will cease in 2023

-Cosmeticians offering laser treatments need a certificate of professional competence.

-New telephone protection law makes it more difficult for foreign callers to change numbers.

What changes affect you and do you send Christmas greetings?

#änderungen#freibetrag
#geld
#finanzen
#aktienfoxx

Hello all,

I pick up again @911elias Question:

Do you have to declare gains from stocks, P2P, etc in a tax return if they are at the annual Exempt amount?

#steuererklärung
#freibetrag

Question from a #anfänger to the community about #verlustbescheinigung and #freibetrag

(...I can't get my head around it right now...)

In my first year on the stock market, I have currently realized around €500 in losses and €300 in gains in my only portfolio with Trade Republic. I am thinking about realizing profits this year (& buying back the corresponding positions immediately if the spread is suitable) in order to be able to use part of my allowance.

On the other hand, my loss of €200 would be carried forward to next year anyway and I could then offset it against any gains - is it worth considering the tax-free amount at all?

I have also applied for a loss certificate, but I don't know whether this will help me at all if I only have one custody account (?). Originally, I assumed that I would need it in order to be able to carry over the TR losses to the next year. I was probably wrong and would not have needed it at all.

I would be very happy to hear your explanations!

Important reminder: If you have not yet covered your allowance then do so!

However:

If you sell shares, first calculate whether it is worth it, since you sell the shares and then buy them again, thus placing two orders.

For example, Trade Republic:

One share has 400€ return, then you fill your allowance and have paid only 2€ order fees + spread.

Will you still fill your allowance and thus secure a small tax advantage?

#aktie
#aktien
#freibetrag
#dividende
#aktienfoxx