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Sell old fund shares: tax-free thanks to grandfathering before 2009
Anyone who purchased securities before 2009 can sell them tax-free! Find out how you can benefit from this tax advantage. #Investing #TaxSavings
Sell old fund shares: tax-free thanks to grandfathering before 2009
Taxation of old fund shares before 2009
Investment funds or ETFs purchased before January 1, 2009 that are still in the portfolio may offer special tax advantages. Despite the full taxation of capital gains, taking into account the savings allowance, old shares receive certain grandfathering protection. These old shares remain tax-free if sold before 2009.
Taxation adjustments since 2009
Since January 1, 2009, profits from the sale of securities have generally been subject to withholding tax. However, legacy shares that were acquired before this date were still tax-free. From January 1, 2018, this tax exemption only applies to a limited extent, for increases in value of up to 100,000 euros if these are claimed via the income tax return.
Tax calculation when selling old shares
The tax calculation when selling old shares can seem complex. An example makes this clear: A share of an investment fund or ETF worth 1,000 euros, purchased before 2009, was fictitiously sold at the current price. In the event of an actual sale in 2023, the custodian bank would deduct the tax-free profits and only charge withholding tax on the remaining profits. The allowance of 100,000 euros can be claimed via the tax return.
Tax exemption and further sales of old shares
When selling old shares, the exemption amount is only reduced by the corresponding profit. The remaining amount can be used for further sales in subsequent years until it is used up. It is important to pay close attention to the tax regulations when selling old shares before 2009 in order to benefit from the tax advantages.