10H·

How to deal with BYD Split on Trade Republic?

After the split of $1211 (+2,35 %) in June, I was in the red for a long time as I was informed that the bonus shares would not be booked in until the end of July. This also worked and my new equity was around €8.50 and the approximately €300 that I was up before the split was back as before.

However, almost 100€ in taxes have now been deducted from my account and my equity is now 12.50€. What do I do? Will Trade Republic correct this on its own? What do you do?

5 Comentarios

Malle0815@Malcom

10H

I wrote to TR about this. Here is the answer...

Thank you for getting in touch regarding the taxation of the BYD corporate action.
Please note that for tax purposes this event is treated as a dividend payment and not a share split, which makes it taxable. The buy-in dates have already been adjusted and you can now view the updated details in your portfolio.
For more information on the applicable taxation rules, please refer to the relevant article: Help > Assets > BYD Dividend & Bonus Shares.
Please be aware that Trade Republic has no influence on corporate actions or their implementation. If you need further clarification, you can contact the issuer in this regard.
I hope this answers all your questions today.
Please do not hesitate to contact us if you have any further questions. Thank you for your time.
Have a great day!

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fionn@8fionn

10H

@Malcom So is that correct as it is for me?

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Kai@Dividenden-Sammler

10H

@8fionn As far as I know, one part of the shares is taxable and the second part is not.
Have a look here for something to read up on, it refers to the Federal Ministry of Finance as it should be. This then automatically applies to TR as well. If they want to do it differently than the Ministry of Finance specifies - well then the floodgates are open and I would contact BaFin directly. Which is the best support for TR anyway.

https://www.test.de/Kurssturz-der-BYD-Aktie-Keine-Angst-vor-Aktiensplits-6225208-0/

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Jarod@TradingHase

@Malcom Ask for the separate statement from the facts under point 2 and you'll be informed that they are working on a correction 😉.

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MoepJunior@MoepJunior

Hello, I also have BYD shares with Träger Republic. My buy-in price is approx. 1.20€ below the price I calculated. This could have something to do with the bonus shares 10:12 offset against 0 euros. This artificially increases my taxable profit. Support only gives generic answers. Can anyone judge whether such a procedure is legally correct? In addition to the taxation of the 10:8 bonus shares, this is really annoying. Thank you very much

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