Ask a tax advisor on the topic of Capital assets

Repayment bond replacement assessment basis

December 18, 2009 | 30,00 EUR | answered by Matthias Wander

I purchased several fixed-rate bonds through Volksbank in 2007 and earlier, and stored them in my depot with them. I acquired the bonds at approximately their nominal value; I no longer have the purchase receipts. In February 2008, I transferred the securities to a depot account with Postbank. The first bond matured in October 2009, with the other bonds maturing in 2010 and later.

Due to legal regulations, Postbank uses the replacement assessment basis and deducts the corresponding tax and solidarity surcharge from 30% of the repayment amount.

I have not made any capital gains. How can I claim a tax refund and what documents do I need to submit to the tax office? If I need the purchase receipts for the bonds, does Volksbank still have them, and can they provide them to me, possibly for a fee?

Sincerely,

Thomas Hütter

Matthias Wander

Dear Mr. Hütter,

Thank you for your inquiry, which I would like to answer based on the information provided in an initial consultation.

Since the Postbank did not know the acquisition costs, the bank correctly calculated the capital gains tax based on the replacement assessment base.

You can reclaim this (possibly) overpaid tax as part of your income tax assessment. However, you will need the receipts for the purchase and sale of the bonds as proof, which you must submit to the tax office with your income tax return. The Volksbank should be able to provide you with replacement receipts for the purchase of the bonds for a small fee.

I hope I was able to assist you.

Best regards,

Wander
Tax Advisor