Does that mean our profits will now simply be taxed? Oh man
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11
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@Therealbroka not yet checked. But I strongly assume tax neutral. Let's wait until the details have been clarified.
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4Sem.
@Papiertiger I took a look at the Amundi homepage. This is handled in the same way as if you sold your old shares and bought the new ones. So all profits are taxed. Pretty annoying!
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11
•@JanWPB ein 💩
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I also looked it up. it's treated like a trade. SUCH A Crap...
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3Sem.
Exactly:
Tax aspects of a cross-border merger for German investors:
According 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 cannot be
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:
According 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 cannot be
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.
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3Sem.
@JanWPB I see it the same way, and that annoys me massively. How will the dividend work in December? Surely it won't just be canceled, will it?
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