Field help
Type of investment trust
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
ISIN
Please enter the International 12-digit Securities Identification Number (ISIN), which you can find in your bank's tax statement.
Number of fund shares sold
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.
Redemption price as at 31.12.2017 (without interim gains)
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.
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.
Should foreign tax deduction amounts be taken into account?
Select "yes" if foreign tax deductions have already been credited on the income from investment funds.
This concerns withholding taxes levied on fund income abroad, which can be taken into account in Germany under the Investment Tax Act.
The foreign taxes can be credited against German tax. However, maximum amount regulations and possible credit limits under an existing double taxation agreement (DTA) must be observed. Only the amounts actually credited should be entered here.
Credited foreign taxes (line 40 of Form KAP)
Enter the credited foreign taxes that apply to fund income and have already been credited against German tax as part of investment taxation. This includes, for example, withholding taxes on foreign dividends or interest income in the fund assets.
The amount will be transferred to line 40 of the KAP form.
Example: A fund holds US shares and distributes income to you. In the US, 15% withholding tax is deducted, so on a distribution of 1.000 Euro, 150 Euro withholding tax is incurred. Of this, 100 Euro was credited against your German tax. Enter 100 Euro here.
Сreditable foreign taxes (line 41 of Form KAP)
Enter the creditable foreign taxes applicable to fund income that would generally be creditable against German income tax. The amount may be higher than the actual credited tax if, for example, statutory maximum amounts under the Investment Tax Act (§ 7 para. 1 InvStG) limit the credit.
The value is transferred to line 41 of Form KAP.
Example: A total of 300 Euro foreign withholding tax was deducted from fund income, but only 250 Euro were creditable. Enter 300 Euro here.
Notional foreign taxes (line 42 of Form KAP)
Enter any notional foreign withholding taxes that are considered for tax credit purposes under certain double taxation agreements (DTAs) or the Investment Tax Act, even though no tax was actually withheld abroad.
The amount is entered in line 42 of Form KAP.
Example: A DTA allows a notional withholding tax of 10% to be credited for certain foreign income from a fund, even though no actual tax was withheld. For income of 1.000 Euro, this results in a notional tax of 100 Euro. Enter 100 Euro here.
Fund shares purchased on
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.
Distribution before partial exemption
Enter the amount of the gross distribution from investment funds here – that is, the full amount credited to you before the partial exemption is applied.
The partial exemption is automatically taken into account by the programme. You therefore do not need to calculate which portion remains tax-free.
Background on partial exemption
Certain income from investment funds is only partially subject to tax. This is done through the so-called partial exemption. It is intended to offset income already taxed at the fund level and non-creditable foreign withholding taxes.
The amount of the partial exemption depends on the type of fund and is for private investors:
- 30% for equity funds
- 15% for mixed funds
- 60% for real estate funds
- 80% for real estate funds with predominantly foreign properties
The classification of the fund can be found in the sales prospectus or the investment conditions.
Example: An investor receives a distribution of 1.000 Euro from an equity fund in the year 2024. The full amount of 1.000 Euro must be entered in the field. The programme automatically applies the partial exemption of 30%, so only 700 Euro are subject to tax.
Did you sell shares in this trust in 2024?
Select "yes" if you sold shares of an investment fund in the year 2024.
Note: Shares with different acquisition dates must be entered separately in accordance with the requirements of the tax authorities.
Fund shares acquired before 01.01.2018: The following applies to units purchased before 01.01.2018: the profit/loss from a notional disposal is determined by the bank. The last redemption price set in 2017 is decisive. The bank holds the notional profit until the units are actually sold, as this only becomes effective for tax purposes at that point.
Fund shares acquired after 31.12.2017: The provisions of the investment tax reform 2018 apply to sales of shares acquired after 31.12.2017. There is no special treatment such as the notional disposal. Profits from such sales are fully subject to the flat-rate withholding tax.
Purchase price / acquisition cost (for all share certificates)
Enter the purchase price for all share certificates on the purchase date.
Fund shares purchased before 1 January 2018:
Instead of the actual acquisition costs, the so-called notional acquisition costs as of 1 January 2018 are to be entered here.
The notional acquisition cost corresponds to the redemption price determined by the fund company as of 31 December 2017.
Fund shares purchased after 31 December 2017:
Enter the actual acquisition costs. These include:
- The purchase price of the fund shares.
- Service charges such as estate agents' fees, commissions or other transaction costs incurred in connection with the purchase.
To calculate the taxable gains/losses, it is crucial that the acquisition costs are stated correctly. You should therefore enter these carefully, especially if the shares have different acquisition dates.
Is information on the advance lump sum required for this fund?
Select "yes" if at least one of the following applies to you:
1. You purchased fund shares in 2023
You purchased fund shares through a foreign bank/broker – e.g. in March and/or October.
Example: Mr Müller purchases shares in an equity fund on 15 March 2023.
2. Earnings were automatically reinvested (thesaurisation)
For some funds, earnings (e.g. interest or dividends) are not paid out but automatically reinvested in new fund shares. This is also considered a purchase for tax purposes.
Example: Ms Schneider owns shares in a fund. On 30 June 2023, the fund automatically reinvests earnings. Although she did nothing, this is considered a new acquisition for tax purposes.
3. You already had fund shares in your portfolio on 01.01.2023
Even if you did not purchase anything new in 2023 but already owned shares on 1 January 2023, you must select "yes".
Please enter "01.01.2023" as the fictitious purchase date for determining the advance lump sum – even if you bought the shares many years earlier.
Example: Mr Meier has had fund shares in his portfolio since 2020. He did not sell anything in 2023. However, since he owned the shares all year, the advance lump sum must be determined.
Background on the advance lump sum:
Since 2019, all investment funds are subject to minimum taxation on undistributed earnings – the so-called advance lump sum. It is charged retroactively on 2 January of the following year, i.e. for 2023 on 2 January 2024.
Multiple purchases in the year?
If you purchased fund shares or had them automatically reinvested multiple times in 2023, you must record each transaction individually.
