- Liittynyt
- 14.05.2017
- Viestejä
- 78
onko hyötyä ostaa salkkuun kultaa, jos ajatus olisi laittaa 1-2% varallisuudesta ja ei ole ostamassa fyysistä kultaa? Eli fyysinen olisi tietysti maailman lopun kannalta parempi kuin paperikulta, mutta jos ei ajattele ihan maailman loppua niin onko järkeä?
Katselin nordnetistä xetra-goldia (isin DE000A0S9GB0) ja ishares physical goldia (isin IE00B4ND3602). Molemmat taitavat olla kooltaan ihan järkeviä yli 10 miljardin koko luokkaa. En tiedä olisiko jompi kumpi noista hyvä paperikulta. Xetra-goldin kai periaatteessa sais muutettu oikeaksi kullaksi. isharesin kotipaikka irlanti ja xetra-goldin saksa. Xetra-goldin hinnasta en oikein päässyt perille ja tietääkö joku mitä xetra-goldin sivuilla oleva tarkoittaa
Katselin nordnetistä xetra-goldia (isin DE000A0S9GB0) ja ishares physical goldia (isin IE00B4ND3602). Molemmat taitavat olla kooltaan ihan järkeviä yli 10 miljardin koko luokkaa. En tiedä olisiko jompi kumpi noista hyvä paperikulta. Xetra-goldin kai periaatteessa sais muutettu oikeaksi kullaksi. isharesin kotipaikka irlanti ja xetra-goldin saksa. Xetra-goldin hinnasta en oikein päässyt perille ja tietääkö joku mitä xetra-goldin sivuilla oleva tarkoittaa
How is Xetra-Gold treated in terms of final withholding tax?
The Federal Ministry of Finance (Bundesministerium der Finanzen – BMF) published a new implementation decree on final withholding tax (Abgeltungsteuer) on 22 December 2009. This decree also regulates the tax treatment of income investors earn with securities physically backed by gold or another commodity and securitizing a claim to physical delivery of the underlying.
This implementation decree has the following tax consequences for private investors living in Germany that invest in Xetra-Gold (ISIN: DE000A0S9GB0), which is backed by, and securitizes a claim to, physical gold:
If an investor makes a profit in redeeming his delivery claim on Xetra-Gold, this profit is subject to final withholding tax. Physical gold delivered upon redemption is therefore deemed as purchased at this time. The profit earned on selling this gold at a later date is subject to income tax based on the tax rate if the physical gold is sold within one year of purchase.
Any profit investors make on selling their securitized claim Xetra-Gold is also subject to final withholding tax. This does not apply, however, if it was purchased prior to 31 December 2008 and either the proceeds from the sale were generated by 30 June 2009 or the sale/redemption occurred within one year of purchase.
In its implementation decree, the financial authorities assume that the securitized delivery claim Xetra-Gold is a capital claim subject to final withholding tax. The issuer, on the other hand, does not see Xetra-Gold as a capital claim but as a securitized delivery claim. The purchase and sale of the physically gold-backed Xetra-Gold is thus treated, for tax purposes, just as the purchase and sale of physical gold in the form of coins or bars in direct sales. Deutsche Börse Commodities GmbH is thus currently examining taking legal recourse against this implementation decree.
The Federal Ministry of Finance (Bundesministerium der Finanzen – BMF) published a new implementation decree on final withholding tax (Abgeltungsteuer) on 22 December 2009. This decree also regulates the tax treatment of income investors earn with securities physically backed by gold or another commodity and securitizing a claim to physical delivery of the underlying.
This implementation decree has the following tax consequences for private investors living in Germany that invest in Xetra-Gold (ISIN: DE000A0S9GB0), which is backed by, and securitizes a claim to, physical gold:
If an investor makes a profit in redeeming his delivery claim on Xetra-Gold, this profit is subject to final withholding tax. Physical gold delivered upon redemption is therefore deemed as purchased at this time. The profit earned on selling this gold at a later date is subject to income tax based on the tax rate if the physical gold is sold within one year of purchase.
Any profit investors make on selling their securitized claim Xetra-Gold is also subject to final withholding tax. This does not apply, however, if it was purchased prior to 31 December 2008 and either the proceeds from the sale were generated by 30 June 2009 or the sale/redemption occurred within one year of purchase.
In its implementation decree, the financial authorities assume that the securitized delivery claim Xetra-Gold is a capital claim subject to final withholding tax. The issuer, on the other hand, does not see Xetra-Gold as a capital claim but as a securitized delivery claim. The purchase and sale of the physically gold-backed Xetra-Gold is thus treated, for tax purposes, just as the purchase and sale of physical gold in the form of coins or bars in direct sales. Deutsche Börse Commodities GmbH is thus currently examining taking legal recourse against this implementation decree.
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