When considering the tax treatment of transactions in crypto ETPs, several factors play an important role. Among other things, taxation depends on the type of transaction and the holding period of the crypto ETP.
If transactions in crypto ETPs are classified as private sales transactions (private Veräußerungsgeschäfte), any price 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 must 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. However, gains achieved with a holding period of less than one year also remain tax-free in accordance with section 23 (3) sentence 5 EStG if the sum of the gains achieved (total gain) from all private disposal transactions in the calendar year is less than 600 euros.
In the case of crypto ETPs, which are not classified as private sales transactions, any gains are subject - analogous to shares or ETFs and independent of the holding period - to capital gains tax of 25 %, plus solidarity surcharge and church tax, if applicable. These are automatically paid to the tax office by the custodian bank or offset against your exemption order. It is therefore also possible to offset losses against gains from other securities transactions.
The tax classification of a product can be found in the securities statement of the corresponding sale, which is prepared by the custodian bank.
Please note that Scalable Capital has no influence on the tax classification of a product and that this may change over time. Scalable Capital accepts no liability for the accuracy of the information.
Please 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.
If transactions in crypto ETPs are classified as private sales transactions (private Veräußerungsgeschäfte), any price 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 must 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. However, gains achieved with a holding period of less than one year also remain tax-free in accordance with section 23 (3) sentence 5 EStG if the sum of the gains achieved (total gain) from all private disposal transactions in the calendar year is less than 600 euros.
In the case of crypto ETPs, which are not classified as private sales transactions, any gains are subject - analogous to shares or ETFs and independent of the holding period - to capital gains tax of 25 %, plus solidarity surcharge and church tax, if applicable. These are automatically paid to the tax office by the custodian bank or offset against your exemption order. It is therefore also possible to offset losses against gains from other securities transactions.
The tax classification of a product can be found in the securities statement of the corresponding sale, which is prepared by the custodian bank.
Please note that Scalable Capital has no influence on the tax classification of a product and that this may change over time. Scalable Capital accepts no liability for the accuracy of the information.
Please 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.