Yes, this also applies to gold and comparable physically backed products.
Trade Republic does not withhold any tax for this. You must classify it as a private sale transaction in accordance with § 23 EStG yourself. If the tax office asks later, you submit the annual report. This will clearly show whether the sale took place before or after one year.
I've already played this exact game with crypto. A lot of correspondence, tax-free in the end, but only because the holding period was clearly documented.
Trade Republic does not withhold any tax for this. You must classify it as a private sale transaction in accordance with § 23 EStG yourself. If the tax office asks later, you submit the annual report. This will clearly show whether the sale took place before or after one year.
I've already played this exact game with crypto. A lot of correspondence, tax-free in the end, but only because the holding period was clearly documented.
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But if TR doesn't withhold anything, then I don't have to do anything anyway. Why should the tax office ask? I mean, sure, I can then prove it.
TR has just written to me to the contrary, as they (cannot) check this per ETC with the physical deposit, they deduct KapEst. That's strange.
TR has just written to me to the contrary, as they (cannot) check this per ETC with the physical deposit, they deduct KapEst. That's strange.
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@VillaSpilla Maybe this will help:
https://getqu.in/i6jsPX/ https://getqu.in/i6jsPX/
https://getqu.in/i6jsPX/ https://getqu.in/i6jsPX/
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•@VillaSpilla If I stay below the value limit for private sales transactions, I don't enter anything in my tax return. Only if I'm above it.
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@VillaSpilla One more point about the physical deposit: This alone is not enough. There must also be a delivery option.
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•@VillaSpilla But that's the way it is with TR, you are welcome to inform yourself, I got mail from the FA - because I once declared crypto losses in 2022.
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19H
@randomdude this is available with WisdomTree, according to the info sheet tax-free after 1 year
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•@nitroxx If the ETC provider states and virtually guarantees this, all is well. Unfortunately, very few do. That was also the reason why the author of the linked blog article made test purchases.
Apart from that, I expect a broker to process sales correctly for tax purposes. In other words, they only withhold capital gains tax when it is actually due.
Apart from that, I expect a broker to process sales correctly for tax purposes. In other words, they only withhold capital gains tax when it is actually due.
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@VillaSpilla However, TR would then treat this incorrectly under tax law. Assuming that the ETC fulfills the criteria of physical deposit and the delivery option: then the tax is not calculated according to §20 EstG with the flat-rate capital gains tax, but it is a private sale transaction according to §23 EstG. This is taxed at the personal tax rate. If TR were to actually apply a flat-rate withholding tax, that would be... funny. But well.
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18H
@VillaSpilla Who answered that? The AI agent?
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@nitroxx At first yes, but then forwarded to real support.
With the feedback that it can already be "tax-free", but this depends on the data delivery of the third-party provider and TR cannot / does not want to guarantee this for all ETCs.
With the feedback that it can already be "tax-free", but this depends on the data delivery of the third-party provider and TR cannot / does not want to guarantee this for all ETCs.
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