Hello everyone,
I would like to draw your attention to a serious problem with the settlement of the BYD stock split (ISIN: CNE100000296) by Trade Republic.
TR booked the corporate action as a fully taxable capital gain and paid taxes accordingly. This is demonstrably wrong, as the measure should have been at least partially tax-free. As a result, not only was my investment negatively affected by an unjustified tax deduction, but my purchase price (equity) was also incorrectly adjusted.
When I specifically asked on whose instructions this booking was made, I only received the answer from customer service that they had no information on this.
By way of comparison:
At other brokers, such as Flatex, the error has already been officially confirmed and the overpaid tax refunded to customers.
I call on all affected BYD shareholders at TR:
- Check your summer 2025 statements carefully!
- Write to customer service and demand a correction of the booking and the cost price.
The more of us who get in touch, the greater the pressure on TR to correct this error system-wide.
As I unfortunately only receive standard answers in the chat, I will now also escalate the matter in writing by post as a warning letter to the legal department of Trade Republic.
Let's exchange ideas here and fight together for correct processing!
#TradeRepublic #BYD # $share split #taxes #broker #fail $1211 (+2,35 %)
