Field help:
Did <%0100301%> hold shares in investment funds or ETFs when moving away?
Select "yes" if all the following conditions are met:
- You moved abroad in 2025 and thereby gave up your residence or habitual abode in Germany, and
- You owned investment shares (e.g. shares in an investment fund or ETF) at that time, and
- at least one of the following conditions is met:
- the acquisition costs of these investment shares amounted to a total of at least 500.000 Euro or
- You held at least 1 percent of the issued investment shares within the last five years.
Only if these conditions are met will you be treated for tax purposes as if you had sold your investment shares at the time of your departure, even if you actually retained them. This results in a so-called fictitious capital gain.
Why is this important?
The German state thus ensures that capital gains from the period of your unlimited tax liability in Germany are still subject to German taxation. Without this regulation, such gains could be permanently exempt from taxation simply by moving abroad.
Important: If you select "yes" here, you must declare the fictitious capital gain in form KAP-INV (section “Investment funds without domestic tax deduction”). If neither the 1 percent participation nor the acquisition costs of 500.000 Euro are reached, answer the question with "no".
Example: Mr K. moves to Austria in May 2025. He holds investment funds with acquisition costs of 620.000 Euro. As the limit of § 19 para. 3 InvStG is exceeded, "yes" must be selected and the fictitious capital gain declared in form KAP-INV.
