Shanks008

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About Shanks008

Profile Information

  • Location Schwabing, Munich
  • Nationality German
  • Hometown Mumbai
  • Gender Male

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  1. Taxes on capital gains from stocks

      You are absolutely right about the misunderstanding :-). I have never found 2 steuerberater's giving me the same advice/answer. when it comes to investments made abroad.
  2. Buying index funds in Germany

      That makes it very clear to me.  Thank you for clarifying the same,
  3. Buying index funds in Germany

      I was under the impression this 2018 rule applies only for Mutual fund's purchased in the U.S and not U.S based ETF's. I thought ETF's were treated as equity.  I was planning to get the Ishares core S&P 500 ETF through Interactive brokers. ...but if the new law is going to be painful, then I might as well stick only with equity trading.
  4. Tax on money received from abroad as gift

      Thanks HEM. I will need to take this into account before I exceed the specified amount.     
  5. Tax on money received from abroad as gift

    Thanks Metall & El Jeffo. Very helpful indeed. That means max 20 k per person for 10 years. Anything more than that will be taxed depending on my Steuerklasse.
  6. Tax on money received from abroad as gift

      How much money can you gift a friend or a cousin in Germany per year? What is the limit? Is it 10,000 euros per person in a given year? I am not able to find this information.   In the U.S, it is $ 14K per person in a calendar year.
  7. Taxation of Stock gains

    Hey Guys,   I finally decided to try my luck at the equity market this year and did make make some profits. I sold some of the equities and realized the gain. This is all done using Interactive brokers.   I visited my Steuerberater in order to prepare for the tax returns to be filed next year for 2020. I was surprised when he said my gains will be taxed at 42% as that is my individual tax slab. I was under the impression that capital gains made from equity will be capped at 25 % with the solidarity tax (maybe 26 or 27) but not more than that.   This is just equities, no dividends.   Is this true? or did I get all this all wrong? 
  8. Taxes on capital gains from stocks

    I finally decided to try my luck at the equity market this year and did make make some profits. I sold some of the equities and realized the gain. This is all done using Interactive brokers.   I visited my Steuerberater in order to prepare for the tax returns to be filed next year for 2020. I was surprised when he said my gains will be taxed at 42% as that is my individual tax slab. I was under the impression that capital gains made from equity will be capped at 25 % or may be max 27% , bit not more than that.   Is this true? or did I get all this all wrong?