The German government tried to change the tax law a few years ago, but fortunately this failed. EUWAX2 is equivalent to physical gold. If it were a certificate, it would not be physically deposited and taxes would be due. However, the gold is physically available and deliverable, which is bad luck for Olaf.
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@tjwr
So an ETF on gold is not tax-free?
So an ETF on gold is not tax-free?
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@Tenbagger2024 I don't think we have any ETFs on gold in Germany. Only exchange traded commodities (ETCs). The difference is that these are bonds issued by the bank.
The $EWG2 is tax-free because it is deliverable. But gold ETFs that reflect the value of gold 1:1 do not exist here. As far as I know, this has something to do with regulations on fund composition.
The $EWG2 is tax-free because it is deliverable. But gold ETFs that reflect the value of gold 1:1 do not exist here. As far as I know, this has something to do with regulations on fund composition.
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