Invested private investors using bonds and certificates in underlyings such as B. shares, raw materials or cryptocurrencies must be differentiated for taxation whether these bonds and certificates are to be classified as capital claims or as material claims.
According to this, it depends on whether a sale of the same of the compensation tax in the amount of 25 percent or whether the personal tax rate is used for this as a private sale business according to § 23 EStG if the sale takes place within one year. Once the year has passed, profits are tax -free, losses are lost in return. But when is what is there?
If the sale of the corresponding underlying tax (e.g. shares), this also applies to bonds and certificates. However, if the base value is an asset according to § 23 EStG (e.g. raw materials or cryptocurrencies), the classification depends on the legal design of the bond or certificate. The emission prospectus is decisive. If the issuer has stipulated that he invests the capital from the emission almost completely in the assets in accordance with Section 23 of the Income Tax Act, and only grants investors a claim for extradition on the stored asset or a claim for payment of the sales proceeds of the assembled assets and is excluded from a return for money. The same tax regulations then apply as with a direct investment in these assets. Salvary gains from these bonds and certificates are also tax -free within a year in the calendar year if no more than 1,000 euros are made from private sales transactions in the calendar year. If the aforementioned requirements are not met, the compensation tax is used. Your customer service informs you about the bonds and certificates. Your tax advice will advise you on the tax consequences.
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Unicredit Bank GmbH
