At what amount are private sales transactions taxable?

At what amount are private sales transactions taxable?

Private sales transactions are taxable if the profit generated is 1,000 Euro or more. For profits up to 1,000 Euro, there is an exemption limit, meaning you do not have to pay tax on them. However, if the profits exceed 1,000 Euro, the entire profit becomes taxable – not just the amount exceeding the exemption limit.

Taxation of capital gains

The capital gain is added to the taxable income and taxed at the personal tax rate. Unlike capital income, the withholding tax does not apply here; instead, regular income tax is applied.

Offsetting losses

Losses from private sales transactions may only be offset against profits from similar sales transactions. Offsetting against other types of income is not possible.

Exemption limit for spouses

For jointly assessed spouses, each partner is entitled to the exemption limit of 1,000 Euro individually. However, an unused exemption limit cannot be transferred to the spouse.