4 ms·
If I hold physical gold bars in my basement for more than a year and sell at a profit, how is that taxed? Should be the same, right?
by skizm 4y ago
If I hold physical gold bars in my basement for more than a year and sell at a profit, how is that taxed? Should be the same, right?
- scrollaway 4y agoYes, and it is.
- G3rn0ti 4y agoNot in Germany. If you hold your gold bars for longer than a year and you sell'em -- no taxes. German capital gains tax applies to stock and derivates (i.e. papers) but not to commodities (physical things like gold, cars or other hardware). So even while cryptos are non-physical they are treated like physical items. And that kind of makes sense if you believe Bitcoin is like digital gold. However, there will be a dispute at some point I guess when it comes to typical government tokens because they resemble very much a stock shares with voting rights.
- lxgr 4y agoMaybe? But now consider "tokenized stocks" (setting the legality of it aside for a moment) – should these be taxed as property instead of investments too?