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Would you be taxed even if you put it straight into another fund? Genuine question.
by philipallstar 5mo ago
Would you be taxed even if you put it straight into another fund? Genuine question.
- sokols 5mo agoYes, because when you sell it, you get cash and profit. Profit is taxable, in Germany they tax it with 25% + Solidarity Tax + Church Tax (if you are a member of a church). After, you can go ahead and buy another fund, but in between you "shed" a significant amount of money.
- eru 5mo agoDetails depends on jurisdiction, of course. In the US, you would likely also have to pay capital gains taxes for such a trade. (I think.) In Singapore, in contrast, swapping between funds like this would not have any tax implications.