Lohnsteuerkompakt

Select the type of investment trust. You can choose between the following options:

• Equity funds
• Balanced mutual funds
• Property-based funds
• Foreign property funds
• Other investment funds

You can obtain data from the tax statement of your bank (according to the official requirements of the tax authorities).

The partial exemption shall apply in the following amounts to

• Balanced mutual funds: 15% partial exemption
• Equity funds: 30% partial exemption
• Property-based funds: 60% partial exemption
• Foreign property funds: 80% partial exemption
• Other funds: 0% partial exemption

Please enter the International 12-digit Securities Identification Number (ISIN), which you can find in your bank's tax statement.

Specify the number of shares sold. You can specify values with up to four numbers after the decimal point.

You can find the value in your bank's tax statement.

Indicate the selling price obtained for the sale of all shares of the investment trust.

You can find the value in the tax statement from your bank.

Enter here the redemption price as of 31.12.2017 (without interim gains).

You can also find the value in your bank's tax statement. If no redemption price was determined by 31.12.2017, enter the respective stock exchange price on the key date 31.12.2017. For this purpose, search your documents for the ISIN (International Securities Identification Number) and determine the corresponding values www.bundesanzeiger.de.

Important: The notional acquisition costs as of 1 January 2018 are generally based on the last redemption price of the fund shares fixed in the calendar year 2017.

Enter here capital expenses incurred in connection with the sale of the investment trusts.

The capital gain/loss is rounded to full euro amounts and results from the selling price minus the acquisition and sales costs.

Gains and losses from the sale/redemption of fund shares are generally taxable for the investor. A capital gain/loss is subject to a partial exemption if the fund meets the requirements for such exemption. The notional disposal result - both a gain and a loss - for fund shares purchased between 2009 and 2017 is therefore relevant for tax purposes in the event of a subsequent sale.

The tax exemption for fund shares acquired before 2009 was restricted by the reform of investment taxation. Increases in value achieved from these fund shares are taxable from 2018 onwards, subject to an allowance of 100.000 Euro.

In contrast, gains/losses based on changes in value up to the end of 2017 are not subject to taxation in the case of protected old shares.

Here you enter the credited foreign taxes according to line 51 of your tax statement.

Here you enter the credited foreign taxes according to line 52 of your tax statement.

Here you enter the notional foreign tax at source according to line 53 of your tax statement.

There are so-called "partial exemptions" (Teilfreistellungen) to balance the taxes already levied on domestic income at the fund level and to compensate the eligibility of the foreign withholding tax.

This means that a certain percentage remains tax-free at the investor level. For private investors, the partial exemptions, depending on the fund type, amount to

• 15 % for balanced mutual funds
• 30 % for equity funds
• 60 % for property-based funds
• 80 % for property-based funds with predominantly foreign properties

The investment conditions of the respective fund in the sales prospectus are decisive for the classification as equity, balanced mutual or property-based funds and thus for the amount of the partial exemptions.

Example: An investor participates in an equity fund in 2021 and receives a distribution of 1.000 Euro. The exemption orders for capital gains are exhausted so that 30 % of the 1.000 Euro are granted a partial exemption. The remaining 700 Euro are taxable and are subject to withholding tax of 25 % (plus solidarity surcharge and church tax, if applicable).

Select "yes" if foreign taxes have already been withheld in 2021.

The foreign taxes can be credited against the German tax. However, possible tax credit regulations under a possible double taxation agreement (DTA) must be taken into account.

Enter here when you have bought the fund shares.

The acquisition date is the date on which the asset was acquired through payment or transferred to the taxpayer's private assets.

Enter here the purchase price for all share certificates on the purchase date.

Select "yes" if you have sold shares in investment trusts in the past year.

The profit/loss from the notional disposal is determined by the bank. The last redemption price fixed in 2017 is to be used as the redemption price and acquisition costs. The bank will retain the notional profit until the actual sale of the shares, as this will only become tax-effective at that time.

Select "yes" if you purchased shares in investment funds in 2020.

Since 2019, all investment shares have been taxed at the advance flat rate. The advance flat rate (Vorabpauschale) is a flat-rate annual retrospective minimum of taxation. The advance flat rate is considered to have been received on the first working day of the following calendar year (i.e. January 2, 2021). The advance flat rate for 2020 is therefore relevant for tax purposes in 2021.

Note: Shares in investment funds with different acquisition dates are to be entered separately in accordance with the requirements of the tax authorities.

The base interest rate for 2021 is -0.45 percent. Conclusion: Due to the negative base interest rate, no advance flat rate will be charged for the year 2021! (Letter of the Federal Ministry of Finance (BMF) dated 06.01.2021, IV C 1-S 1980-1/19/10038:0004).