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Capital Gain Tax on Financial Instruments

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Hi,

I am aware that there is a capital gain tax on financial instruments, but not sure if it depends as well from the instrument traded itself?
If the instrument has a high risk of capital loss, does it have less or no capital gain tax to be paid?

An example: I bought an option on an index and sold it later with a higher price on the market. Do I need to pay taxes on this capital gain?
My broker is DeGiro.

Thanks in advance!
Gledis 

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As far as I know, Degiro already deducts the taxes at source. At the end of a year, you can print out a statement directly from the webtrader and use it when you file tax returns.

 

I might be wrong, someone please correct me if so.

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24 minutes ago, generalmartok said:

As far as I know, Degiro already deducts the taxes at source. At the end of a year, you can print out a statement directly from the webtrader and use it when you file tax returns.

 

I might be wrong, someone please correct me if so.

 

 Not really (taken from their website)

 

Quote

Bei DEGIRO erfolgt kein automatischer Abzug der Kapitalertragssteuer. Wir unterstehen ausschließlich der niederländischen Finanzbehörde und werden von dieser reguliert.

 

I looked at them when I changed brokers a couple of years ago and this was the deal-breaker for me. It's simpler to have an onshore broker that already deducts all the German taxes automatically for you.

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On 7/30/2019, 4:39:57, Smaug said:

I looked at them when I changed brokers a couple of years ago and this was the deal-breaker for me. It's simpler to have an onshore broker that already deducts all the German taxes automatically for you.

 

Which broker did you choose at the end? 

 

Currently i am in the process of choosing one, and leaning towards Trade Republic due to its' very low transaction costs, and the taxation advantage due to being a German provider, but i would like to benefit from the experiences of long term investors like you. I am just starting.

 

I already have a Degiro account, but stop using it because of the disadvantage mentioned in this thread (additional effort for tax declaration). I also have an account at the DKB bank, but its' transaction costs, mainly for single share purchase and sales are also relatively high (10 to 35 € per transaction depending on the size). For ETFs, it is acceptable (1.5€).

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On 26.7.2020, 18:16:03, TurMech said:

 

Which broker did you choose at the end? 

 

 

I chose comdirect. I can't remember how it compares with others costwise, but transaction costs are not very important to me. I haven't traded for years--my portfolio just sits there.

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