Please note that the following answer only applies to clients of our Broker offering residing in Germany.
Scalable Broker offers you various financial products with which you can invest in the gold market. Via ETCs, which invest in physical gold, you can participate in the development of the gold price.
Please note that the various products may differ especially regarding the handling in terms of taxation.
- Classification as a certificate:
Capital gains arising from trading in certificates (ETCs) are also taxed at a flat rate of 25 % capital gains tax plus solidarity surcharge and church tax, if applicable.
The taxes incurred are settled and paid directly by the custodian bank.
- Classification as a private sale transaction:
If this class is sold, it is a private disposal transaction (Section 23 EStG). The profit is tax-free after one year between acquisition and sale/redemption. If the holding period is shorter, income must be taxed at the personal income tax rate.
There is no taxation at Baader Bank level, regardless of the holding period.
If you have any questions regarding taxation (at the Baader Bank level) of a specific gold ETC, please feel free to contact us at service@scalable.capital. In addition, you can always find the tax classification of a product in the securities statement of the corresponding sale.
Please note that we have no influence on the tax classification of a product and that it may change over time.
Please also note that 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.
Please note that the various products may differ especially regarding the handling in terms of taxation.
- Classification as a certificate:
Capital gains arising from trading in certificates (ETCs) are also taxed at a flat rate of 25 % capital gains tax plus solidarity surcharge and church tax, if applicable.
The taxes incurred are settled and paid directly by the custodian bank.
- Classification as a private sale transaction:
If this class is sold, it is a private disposal transaction (Section 23 EStG). The profit is tax-free after one year between acquisition and sale/redemption. If the holding period is shorter, income must be taxed at the personal income tax rate.
There is no taxation at Baader Bank level, regardless of the holding period.
If you have any questions regarding taxation (at the Baader Bank level) of a specific gold ETC, please feel free to contact us at service@scalable.capital. In addition, you can always find the tax classification of a product in the securities statement of the corresponding sale.
Please note that we have no influence on the tax classification of a product and that it may change over time.
Please also note that 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.