Doesn't that always mean fictitious realization of earnings and new acquisition across borders, i.e. taxation of book profits? But you may need cash on hand this late in the year...
••
2Lun
@amanaplanacanalpanama Exactly, profits made so far are taxed. Does the bank then deduct this from the cash account and the value of the shares remains the same?
••
••
2Lun
@amanaplanacanalpanama From the Amundi site:
Tax aspects of a cross-border merger for German investors:
Pursuant to Section 23 (4) InvStG, cross-border mergers such as this one cannot be taxed for
investors who are subject to unlimited tax liability in the Federal Republic of Germany.
tax-neutral in the Federal Republic of Germany. Accordingly, the merger is treated for tax purposes
as if the units of the sub-fund that ceases to exist were sold on the transfer date and the units
the units of the absorbing sub-fund received as a result of the merger were newly acquired.
This procedure is taken into account by the custodian bank. The investor does not need to
arrange anything further.
Tax aspects of a cross-border merger for German investors:
Pursuant to Section 23 (4) InvStG, cross-border mergers such as this one cannot be taxed for
investors who are subject to unlimited tax liability in the Federal Republic of Germany.
tax-neutral in the Federal Republic of Germany. Accordingly, the merger is treated for tax purposes
as if the units of the sub-fund that ceases to exist were sold on the transfer date and the units
the units of the absorbing sub-fund received as a result of the merger were newly acquired.
This procedure is taken into account by the custodian bank. The investor does not need to
arrange anything further.
•
11
•