To my Austrian investors at Flatex:
Have you also had the experience that Flatex.at acts very strangely (not to say wrongly) when it comes to "special tax questions"?
Here are two examples to illustrate this:
for the stock dividend of $VNA (-2,92 %) last year, shares with a purchase price of €16.15 were booked into my account (19 times €0.85). When selling, I would now only pay the difference. However, no withholding tax was paid on the distribution. Furthermore, I received a cash dividend for the remaining shares, where the receipt stated that the purchase price would be reduced, which did not happen.
Result: positive treatment for me (even if probably wrong)
in the spin-off of $VLTO WI (+0,72 %) from$DHR (+1,28 %) the Veralto shares would be booked at € 0.00 acquisition price. I therefore pay tax on the full difference when selling. However, the purchase price was lowered for me at Danaher. The closing price was apparently €64.05. Now this amount was deducted from each individual Danaher share. However, this is wrong in three ways, as I then 1. pay tax twice (on the one hand because the Veralto shares were booked in at €0, but at the same time the purchase price was reduced at DHR), 2. the purchase price would have to be reduced by at most 1/3 in proportion to the spin-off. 3. also those shares were reduced for which I did not even receive a Veralto share (because I did not have a multiple of 3 shares in my portfolio)
Unfortunately, customer support is usually overwhelmed with these questions, which means that no corrections are made 💀
