I will soon (have to) do the same as an Austrian, the value is fiscally unacceptable and generally reits and bdcs
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@Sand What taxes are added to the dividend in AT?
@FloFinance approx. 55% total tax because it is classified as a non-classifiable fund and annual additional payments depending on what RI reports as turnover. Completely opaque not recommended
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@Sand ok that's blatant. I didn't know there was such a heavy tax burden in Austria.
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@Sand same, I will also part with $O in the medium term. But interest rates will have to fall first.
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@FloFinance In Austria, in addition to the capital gains tax of 27.5%, you also pay withholding tax, which cannot be credited. Furthermore, a flat-rate annual tax as a non-reporting fund, as it is not seen as a share in Austria. In addition, the poor performance as 90% is distributed, so we strongly advise against it as an Austrian.
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@BamBamInvest I see. I wouldn't have invested there either :O
Thanks for the info!
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@FloFinance understandable and with pleasure 😊
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@FloFinance look here very well explained how fatal this is as an Austrian

https://youtu.be/jPe6LW_ZKEA?si=cEa6EUs2GE5cGVU9
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