1. will the advance tax be taken into account later when I sell the ETF or will I pay it twice?
The tax on the advance lump sum is an advance tax. This means that only the time at which you pay the tax changes. So anything you pay now, you won't have to pay later when you sell. It is not taxed again or taxed twice. Unfortunately, this does slow down the compound interest effect a little...
The tax on the advance lump sum is an advance tax. This means that only the time at which you pay the tax changes. So anything you pay now, you won't have to pay later when you sell. It is not taxed again or taxed twice. Unfortunately, this does slow down the compound interest effect a little...
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@MrBateman I never intended to sell my ETFs.
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@TaxesAreTheft exactly right. And with a tesaurus ETF that you simply hold until you drop dead, you pay taxes the whole time but never have a realized profit in your account.
And I don't believe that the tax office or a bank will offset this correctly.
If I hold an ETF for a long time and change my custodian bank after five years, for example, because of more favorable fees, everything has to be kept in the accounts.
This doesn't work anywhere else either, even with tax advisors with depreciation, sometimes not correctly if the accounting-managing tax fairy changes, and not at the tax office anyway,
The whole thing is an absolute nonsense idea from a state that always believes that it can make better use of its citizens' money than they can themselves.
Instead of taking people's money and then redistributing it as social benefits and subsidies, it would be more honest to tell people that they don't have a secure pension and that everyone should make provisions at their own small level. You can also do this if you have a small income: if you manage to put aside five euros every month, previously in a pointless savings account, you can also do this in a fund savings plan with Trade Republic or similar.
And the money should then remain tax-free and duty-free. The latest nonsense in this area has just been spouted by Robert Habeck, whom I otherwise hold in high regard. But they are simply completely wrong
And I don't believe that the tax office or a bank will offset this correctly.
If I hold an ETF for a long time and change my custodian bank after five years, for example, because of more favorable fees, everything has to be kept in the accounts.
This doesn't work anywhere else either, even with tax advisors with depreciation, sometimes not correctly if the accounting-managing tax fairy changes, and not at the tax office anyway,
The whole thing is an absolute nonsense idea from a state that always believes that it can make better use of its citizens' money than they can themselves.
Instead of taking people's money and then redistributing it as social benefits and subsidies, it would be more honest to tell people that they don't have a secure pension and that everyone should make provisions at their own small level. You can also do this if you have a small income: if you manage to put aside five euros every month, previously in a pointless savings account, you can also do this in a fund savings plan with Trade Republic or similar.
And the money should then remain tax-free and duty-free. The latest nonsense in this area has just been spouted by Robert Habeck, whom I otherwise hold in high regard. But they are simply completely wrong
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@Gomerdoc From experience: The crediting of the advance lump sum also worked for me when I changed broker without any problems and without much effort in providing evidence.
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