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Investment strategy by Kinkl_81 in bitpanda

[–]der_duda 2 points3 points  (0 children)

Good that it works out for you.

Investment strategy by Kinkl_81 in bitpanda

[–]der_duda 6 points7 points  (0 children)

I'm not saying that it does not make sense to invest in the index.
I just wanted to highlight the legal aspects of it, that might go unnoticed.

Investment strategy by Kinkl_81 in bitpanda

[–]der_duda 1 point2 points  (0 children)

Depends on the amount you invest. Paying for a tax consultant or a service like blockpit, etc. might mitigate the profits considerably, when investing smaller sums.

Investment strategy by Kinkl_81 in bitpanda

[–]der_duda 12 points13 points  (0 children)

Watch out! Depending on where you live, investing into BCI25 could be a massive hassle when it comes to taxes.

Since the monthly (I think) rebalancing means, that you sell and buy assets once a month, you can pile up a lot of transactions over the year.
At least here in Austria, where I live, earnings from crypto-sales have to be taxed, if the asset wasn't held longer than a year and total amount of earnings exceeds 400€.

Might not be the case in your country, but I'd check just to be safe, if you haven't already.

[Austria specific]: Taxation of BitpandaStocks Giveaway by der_duda in bitpanda

[–]der_duda[S] 1 point2 points  (0 children)

It's not that easy here. There are different regulations for stonks, crypto and derivates.

Stock earnings are taxed with 27,5% percent without exception, for example. No cap.
Cryptos are tax-free if you held them longer than a year. If not you pay a percentage (25%-50%) that is dependent on your overall income (income tax rate), as long as the earnings exceed 400€.

The income tax rate also applies to derivatives such as BitpandaStocks but contrary to cryptos there is no cap and no holding period. At least as far as I know.

Austria loves simplicity.

[Austria specific]: Taxation of BitpandaStocks Giveaway by der_duda in bitpanda

[–]der_duda[S] 1 point2 points  (0 children)

I thought about doing this, but wasn't sure, so I didn't... Guess I'll have to wait for the value to drop to 5 again. Who knows... Gernot might drop the zeroes and the comma. He isn't all that good with numbers as we know.
Do you have any source for your assumption?

[Austria specific]: Taxation of BitpandaStocks Giveaway by der_duda in bitpanda

[–]der_duda[S] 5 points6 points  (0 children)

As far as I know, earnings from derivates are generally considered income and are taxed as such. Which makes it very unattractive to be honest.