2Wk·

Make the most of your tax allowance!

Good evening,

I am planning to sell either my Etf $IWDA (+0.82%) or one of my shares $GOOGL (-0.44%) partly to take advantage of my remaining tax allowance for this year. I'm not sure which is the better choice. Google approx 120% up, Etf approx 30%, open amount only 400€ approx. What do you think?

Happy Fest🎅🏼

4 Comments

Oleg@ScorpionfromBW

2Wk

That doesn't really matter. Calculate up to the desired allowance, sell, buy again the next day. That's it.

Don't forget the partial exemption for ETFs.

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Mats Invest@Mats-Invest

2Wk

@ScorpionfromBW I don't understand: what sense does it make to sell when you're up and then buy the same thing again? Just to take advantage of the tax amount and pay transaction fees. Without a loss pot, there is no refund.

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All-in-or-nothing@All-in-or-nothing

2Wk

@Mats-Invest This is about an outstanding amount under the exemption order. This can certainly be used in this way. Observe the FiFo principle when selling, if purchased in tranches, e.g. via a savings plan. In addition to the partial exemption for ETFs, this makes the calculation not entirely trivial. Especially if you don't track purchase prices separately at the time of purchase... it shouldn't be too easy to take advantage of the marginal, regular "tax benefits".

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Oleg@ScorpionfromBW

2Wk

@Mats-Invest I have only written what I know. I myself am not affected by this at all, as my exemption order with the advance lump sum or dividends is already exhausted in January or March.

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