{"id":11043,"date":"2019-06-25T05:13:39","date_gmt":"2019-06-25T03:13:39","guid":{"rendered":"https:\/\/tunal-stb.de\/compensation-for-total-losses-on-securities\/"},"modified":"2023-07-21T09:36:14","modified_gmt":"2023-07-21T07:36:14","slug":"compensation-for-total-losses-on-securities","status":"publish","type":"post","link":"https:\/\/tunal-stb.de\/en\/compensation-for-total-losses-on-securities\/","title":{"rendered":"Compensation for total losses on securities"},"content":{"rendered":"
[vc_single_image image=”5499″ img_size=”full”][ultimate_heading main_heading=”Ausgleich von Totalverlusten bei Wertpapieren.” alignment=”left” margin_design_tab_text=””][\/ultimate_heading][ultimate_spacer height=”50″]

Changes in the value of items held as private assets are generally not taken into account for tax purposes. An exception applies to so-called private sales transactions within the meaning of Section 23 EStG. Since 2009, however, gains<\/strong> from the sale of capital assets have also been taxable in principle (Section 20 (2) EStG).<\/p>\n<\/div><\/div>

However, restrictions apply to corresponding losses<\/strong>. These cannot be offset against other income, but only against positive income from capital assets. For losses from the disposal of shares, a further restriction is that these may in turn only be offset against gains from the disposal of shares (cf. Sec. 20 (6) EStG).<\/p>\n<\/div><\/div>

It was questionable whether the total loss of a capital claim<\/strong> also leads to an (offsettable) loss from capital assets. The tax authorities are of the opinion that a loss of receivables does not constitute a sale and that such a loss should therefore not be taken into account. The Federal Fiscal Court (Bundesfinanzhof) had already opposed this view for the default of a private loan receivable and had allowed offsetting within the scope of Sec. 20 (20) of the German Income Tax Act. 6 EStG permitted. In another decision, the court also recognizes losses on knock-out certificates. These are financial products that expire when a certain knock-out threshold is reached (e.g. a certain Dax index).<\/p>\n

Partial and total losses<\/h2>\n

This should basically clarify that not only a partial loss on disposal, but also the total loss of securities leads to a tax loss from capital assets.<\/p>\n<\/div><\/div>

(For further comments, information and examples, please refer to our information letter 06\/2019<\/a>).<\/em><\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

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Neumann & Walczak – tax consulting company GmbH – Robert-Bosch-Strasse 1 – 59439 Holzwickede<\/p>\n


\n Neumann Walczak & Partner Tax Consultant and Lawyer – Partnership – <\/span>
\n<\/span>Robert-Bosch-Strasse 1 – 59439 Holzwickede<\/p>\n

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Website: www.neumann-walczak.de – E-mail: info@neumann-walczak.de<\/p>\n

Phone: (0049) 02301 – 91 291 0 – Fax: (0049) 02301 – 91 291 21<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"[vc_single_image image=\"5499\" img_size=\"full\"][ultimate_heading main_heading=\"Ausgleich von Totalverlusten bei Wertpapieren.\" alignment=\"left\" margin_design_tab_text=\"\"][\/ultimate_heading][ultimate_spacer height=\"50\"]Changes in the value of items held as private assets are generally not taken into account for tax purposes. An exception applies to so-called private sales transactions within the meaning of Section 23 EStG. Since 2009, however, gains from the sale of capital assets have...","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[535,1319,588,851],"tags":[635,1350,1344,1353,1355,1347,1342],"class_list":["post-11043","post","type-post","status-publish","format-standard","hentry","category-information-letter","category-loan","category-loan-receivable","category-securities","tag-capital-assets","tag-capital-receivables","tag-financial-products","tag-knock-out-certificates","tag-losses","tag-profits","tag-shares"],"acf":[],"_links":{"self":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/11043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/comments?post=11043"}],"version-history":[{"count":2,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/11043\/revisions"}],"predecessor-version":[{"id":11086,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/11043\/revisions\/11086"}],"wp:attachment":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/media?parent=11043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/categories?post=11043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/tags?post=11043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}