Alternative assessment basis for pension fund shares
February 25, 2010 | 15,00 EUR | answered by Matthias Wander
I inherited DWS Vermögensbildungsfonds R shares in 2009. After that, I conducted a transfer of custody. When selling, the deposit bank determined the tax-relevant earnings by applying the replacement basis. According to Finanztest, the replacement basis is only applied to securities classified as financial innovations.
Question: Are investment fund shares also classified as financial innovations? If not, can amounts already paid by the bank be claimed in the income tax return?
Dear inquirer,
Thank you for your inquiry, which I would like to answer based on the information provided and in the context of your situation in a initial consultation.
If the acquisition costs are not known (e.g. in the case of a portfolio transfer), the replacement assessment basis regulation applies.
Since the new bank was not aware of the acquisition costs, the bank correctly calculated the capital gains tax based on the replacement assessment basis.
You can reclaim any (possibly) overpaid tax as part of your income tax assessment. However, you will need the receipts for the purchase and sale of the fund as evidence, which you must submit to the tax office with your income tax return.
I hope this gives you a first overview.
Best regards,
Wander
Tax consultant
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