How are gold and silver investments (ETPs) taxed?

Scalable Capital has no influence on the tax classification of securities. The corresponding taxation of a product is passed on to the custodian banks by the respective issuer via a data service. The tax classification of a product may change over time. Please contact the issuer of the product directly to clarify how it is taxed.

You can find the tax settlement in the receipt of the relevant securities sale.

When considering the tax treatment of transactions in commodity ETPs, several factors play an important role. Among other things, taxation depends on the type of transaction and the holding period of the commodity ETP.

If trades in commodity ETPs are classified as private sales transactions, any capital gains realised after a holding period of more than one year are generally tax-free. When trading within the one-year speculation period, any price gains accrued must be taxed at the personal income tax rate. You declare the gains or losses from private sales transactions yourself in your personal tax return, as the taxes are not withheld by Baader Bank in this case.

In the case of commodity ETPs that are not classified as private sales transactions, any gains are subject to capital gains tax of 25%, plus solidarity surcharge and church tax if applicable - in the same way as for shares or ETFs and irrespective of the holding period. These are automatically paid to the tax office by the custodian bank or offset against your exemption order. Therefore, it is also possible to offset losses against gains from other securities transactions.

Please note that Scalable Capital has no influence on the tax classification of a product. Scalable Capital does not provide tax advice. If you have any questions regarding your individual tax situation, please contact your tax advisor or your tax office. Scalable Capital accepts no liability for the accuracy of the information provided.