Hello and best regards from Bavaria,
I have the iShars Physical Gold ETC in my portfolio $IGLN (+0,02%) .
Custody account value approx. 12,500€, of which 4,500€ are price gains.
I took it at the time because it was the largest gold ETC at TradeRepublic.
After researching, I found out that this gold ETC is not tax-exempt. This means that if I were to sell it now, I would be subject to withholding tax, etc.
At the same time, I have just opened a custody account with JustTrade. Actually only to invest a very small part in Epi's (@Epi ) Wikifolio.
There I saw that the Xetra Gold $4GLD (+0,13%) is available.
This is tax-free after a holding period of one year.
Now my question:
1. sell the existing iShares ETC and take the tax deduction in full and switch to the Xetra? Disadvantage here: The tax deduction of around €1000 is lost and can no longer "work" for me.
2. or simply keep the iShares ETC and only save in xetra Gold in future? Disadvantage here: If the gold price continues to rise, the price gain on the iShares ETC will also continue to rise. As a result, the withholding tax payable on a later sale will continue to rise.
What would you decide on, or your opinion?
Best regards
