How does the flat tax affect my capital assets?
March 22, 2022 | 40,00 EUR | answered by Paula Köhler
Dear tax advisor,
my name is Adele Reuter and I am currently focusing intensively on my capital assets. Over the past few years, I have made various investments and I am now unsure about how the flat tax affects my capital assets. I have heard that the flat tax is levied on capital gains such as interest, dividends, and capital gains, but I am not sure if I have taken all relevant aspects into account.
My current situation is that I own various securities that I have purchased in recent years. I also have a savings account and an investment plan through which monthly amounts are invested in funds. Overall, I am quite satisfied with my capital assets, but I want to make sure that I am doing everything correctly in terms of taxes and avoid any nasty surprises.
My concerns are that I may not have correctly declared all relevant capital gains and therefore may have problems with the tax office. I would like to know how the flat tax specifically affects my capital assets and what options there are to take advantage of tax benefits or avoid errors.
Could you please explain to me how the flat tax is applied to my capital assets and what steps I should take to optimize my tax situation? I would greatly appreciate your support and professional advice.
Thank you in advance.
Sincerely,
Adele Reuter
Dear Mrs. Reuter,
Thank you for your inquiry regarding the capital gains tax on your capital assets. It is understandable that you are concerned about whether you have considered all relevant aspects and do not want to have any tax problems. I am happy to explain to you in detail how the capital gains tax on investment income is applied and what steps you can take to optimize your tax situation.
The capital gains tax is a flat tax levied on investment income such as interest, dividends, and capital gains. The general tax rate is 25%, plus there is also a solidarity surcharge and possibly church tax. The capital gains tax is automatically withheld by your bank or broker and remitted to the tax office. You must report the investment income in your tax return to avoid double taxation.
Regarding your various securities, savings account, and savings plan, it is important to accurately report all investment income. This includes not only interest and dividends but also capital gains that arise from the sale of securities. Make sure to keep all relevant documents and receipts to support your information in the tax return.
To optimize your tax situation and take advantage of possible tax benefits, I recommend keeping an overview of your investments and regularly reviewing them. For example, you could consider offsetting losses from security sales with gains to save on taxes. Utilizing tax-free allowances and tax optimization strategies can also help reduce your tax burden.
I recommend regularly discussing your tax situation with your tax advisor to make any necessary adjustments. This way, you can ensure that you are doing everything correctly and avoid any unpleasant surprises with the tax office.
I hope that my explanations are helpful to you and I am available for any further questions. Thank you for your trust and attention.
Best regards,
Paula Köhler.
