Under Austrian tax law, a transfer of securities to a foreign custodian may be considered a deemed sale. In such a case, capital gains tax of 27.5% may apply to unrealised gains if the transfer is not reported to the relevant tax office within one month.
The notification can be made, for example, via FinanzOnline, or alternatively on paper using the form “E 27-6”.
To support you with this notification, we will provide you with a report prepared by KPMG approximately within two weeks after the transfer. This report includes an overview of your transferred securities and their acquisition costs, which you will need for the tax notification.
The KPMG report will be made available to you automatically via your Mailbox – there is no need to request it manually. We will notify you separately once the report is available.
Further information, particularly regarding the technical process via FinanzOnline, can be found in the “Account Transfer Manual” of the Austrian Federal Ministry of Finance (BMF), which is available on the BMF website.
This information is provided for guidance purposes only. Scalable Capital does not provide tax advice