1Sem.·

How to deal with BYD Split on Trade Republic?

After the split of $1211 (-6,31 %) 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?

7 Commentaires

Malle0815@Malcom

1Sem.

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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Voir toutes les 3 autres réponses

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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leetcr3w@leetcr3w

I also wrote to TR that I would like an explanation of what my actual purchase price is because my current price is over €15, which can't be right. Then came as an answer the buy in was adjusted I see it soon with me after 2 days he was still at > 15 then wrote again the course is displayed with them at under 12.50 aaaaah okay why don't I see it then? So far no answer

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capital_sherpa_kmpsw@Sonpyh

I also see a buy in of around €15, but this is not correct. The actual buy in is around €12.50. Here on this platform it is displayed correctly

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