Are securities purchased before 2009 exempt from tax when transferred?

Securities acquired before 1 January 2009 are exempt from capital gains tax when sold.

Before the introduction of final withholding tax, banks were not required to record purchase values. Therefore, when these older holdings are transferred, only the acquisition date may be transmitted to us. However, the tax treatment is solely governed by the acquisition date.

The purchase values used for the affected shares are based on the historical market price on the purchase date. Please note that the value shown in your client area is for guidance purposes only and does not affect the actual tax calculation.