Shares- Capital gains tax

The capital gains tax must be paid each time, if income resulting from capital. Once the income is paid to the creditor, creates the obligation to pay the capital gains tax. Here, the applicable capital gains tax is often paid directly by the Disbursing Agent to the relevant competent tax office. A workaround for this payment is only possible, when submitting a so-called exemption application or equal to present a non-assessment certificate. To what extent the exemption procedure for individual investors is possible, the tax office or can also be obtained at the bank. There you also get the appropriate forms. If the actual capital gains tax low, than the amount discharged, so you can charge the difference in annual income tax return again.

Depending, has invested in what papers you, , the capital gains tax for different levels. For profit, also called dividend, of shares, for payments from shares in limited companies or cooperatives is the tax on 20 %. With securities from the Federal, Bankschuldverschreibungen, Bundesschatzbriefen, Pfandbriefen, Local- and corporate bonds is called a withholding. This is 30 %, or. even with counter trade 35 %. It also applies to simple savings accounts or time deposits, more than 1 % Interest payments have.

The legal regime for capital gains tax can be found in § § 43 to 45 d of Einkommensteuergesetz. Thus it is a special form of income tax is levied by the countries. It is payable to the relevant competent tax office.