Offsetting of Losses from Share Purchases
Important Deadline on 15 December 2018

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Capital gains are regularly subjected to a 25% tax deduction (in addition to the solidarity surcharge), which is effected by credit institutes, financial service providers, banks and similar bodies; losses from share trading for instance are offset by the bank or carried forward to the next calendar year. In the event that losses not yet offset are to be claimed in the context of the 2018 income tax return, an application for a loss statement has to be submitted to the bank concerned by 15 December 2018 (Sec. 43a Para. 3 Sentence 5 German Income Tax Act – EStG).