The Federal Fiscal Court (Bundesfinanzhof, BFH) apparently has a heart for stock market investors. According to its judgment – Az. IX R 21/04 – investors can offset their losses from speculative transactions against profits – for all years since 1999. The set-off of the losses does not fail also because of the fact that for the years since 1999 already final tax assessments are present, so RA J. Fiala in its judgement comment. Especially for the successful stock market year 2005, it is interesting to bring in losses in order to save taxes. Prompt formal documentation in the earlier years with a corresponding notice to offset the losses is not required. The possibility of offsetting losses in any year means an optimisation option for a massive tax reduction, especially for those years in which the top tax rate is reached.
(Electropractor 12/2006, 1001)
Courtesy of www.elektropraktiker.de
Offsetting of speculative losses possible
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