Gold ETC - delivery to avoid KEST?
First of all, a general question for everyone, including the non-Austrians here.
Has anyone already had experience with a savings plan
via TradeRepublic with $$WGLD (+0%)
? And more importantly, with physical delivery?
I like the idea of savings plans and don't want to hold physical gold due to the large spreads, lower liquidity and especially storage costs. At least not in the long term.
I am Austrian, so unfortunately I have no tax advantages with gold ETCs. In Austria, the KEST exemption on gains only applies to physical gold. BUT I thought to myself:
DeliveryI could have the gold delivered to me if required - costs are currently 1% of the delivery amount and therefore far below the premium (and spread) at the local gold dealer. The gold would be delivered in the amount of the ETC investment without tax deduction.
Physical sale: I can sell the delivered gold tax-free at the dealer next door.
Do I think this is too simple, or is it really time for Austria to treat gold ETCs in the same way as Germany treats gold, provided delivery is possible? Has anyone had experience with this detour?
