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Gain or loss on sale
(rounded to full euro amounts)
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.
