ETF Taxes in Europe! (0-41%)
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- Опубликовано: 7 июн 2024
- Let's compare capital gains and dividend taxes on ETFs in 22 European countries!
🇪🇺 Best broker in Europe (ETFs): angelo.fi/ibkr
There are major differences in how ETFs are taxed across Europe, with some countries imposing no tax at all on capital gains and dividends, while others go all the way up to 41 percent! Let's take a closer look at a total of 22 countries to find the most tax efficient way to invest in each of them!
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Video mentions:
🇦🇹 ETF Tax Comparison for Austria: angelo.fi/kest
📌 Vanguard FTSE All-World UCITS ETF Acc. (VWCE)
📌 SPDR MSCI ACWI IMI UCITS ETF Acc. (SPYI)
📌 iShares Core MSCI World UCITS ETF Acc. (IWDA)
🎥 ETF Investing Playlist: • ETF Investing in Europe
00:00 Comparing ETF Taxes in Europe
01:18 Low to Tax-Free Countries
Greece, Bulgaria, Cyprus, Slovakia, Croatia, Czech Republic, Hungary, Belgium, Slovenia
04:28 Moderate Tax Countries
Romania, Lithuania, Poland, Estonia, Latvia
05:25 High Tax Countries
Netherlands, Spain, Italy, Germany, Austria, Portugal, France, Ireland
13:21 How are ETFs taxed where you live?
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Some of the links are affiliate links, which help support me and the RUclips channel. Still, none of the links are sponsored.
Disclaimer: I am only sharing my own experience. I'm not a financial advisor and you should always do your own research and due diligence before investing. Investing involves risk of losses.
Did I cover your country? If not, how are ETFs taxed where you live? :)
🇪🇺Interactive Brokers: angelo.fi/ibkr
🇪🇺Trade Republic: angelo.fi/tr
🇪🇺Scalable Capital: angelo.fi/sca
🇦🇹Flatex: angelo.fi/flatex
🇦🇹ETF Tax Comparison (Austria): angelo.fi/kest
👉Compare ETFs: angelo.fi/comp
⚡Where I buy crypto: angelo.fi/bit
💶4% interest savings account: angelo.fi/save
0% in Qatar/UAE but in the future I will most probably retire in a Mediterranean country like Spain, Greece, Croatia, Cyprus, Portugal.
@@yannickherve5753 @angelocolombofi what ETF you'll recommend for UAE residence? It's tax free on capital gains but we pay taxes on the US dividends
@@Dbskeptic I recommend buy Irish UCITS ETF (accumulating). US ETF are problematic because of the estate tax, in case of death amount of cash/stocks/us etf above 50K USD would be lost. A good book to read: Millionaire Expat from Andrew Hallam'', it includes list of ETFs based on the region you live or plan to retire.
What about in Luxembourg?
what about Finland?
thats so cool that you mentioned countries of viewers. Lithuanian here :D
Obrigado pelo teu trabalho Angelo , uma abraço de portugal.
Great summary! 🎉
Hello from a happy investor in Belgium 🇧🇪
So much effort in this video for the viewers and so accessible... thank you so much for this work
Thanks for the info about Austria!
Thank you so much Angelo for the video. Hope policies change for good in the Netherlands.
Yeah this is such a needed change. Wealth taxes are a pain, especially when not even making profit.
Amazing work! Grazie Angelo 📈
Ireland makes me cry.. Thanks Angelo, very informative!
Yeah. Apparently Ireland lets their citizens pay for the tax evasion of big worldwide corporations in Ireland.
Great video, Irish here, it’s individual stocks or nothing, going to canvas my local TD after this, thanks for the motivation👍
Great job, this requires a ton of work. Thank you
Great video Angelo. Irish here, I'll send this video onto the politicians!
When I saw the caption with 41% I knew we were on top of the list! 😅😅😅
@@ronanhunt88 same here 😂
What if you buy all your ETF while living in Ireland but you retire in Greece?
@@nicolaruggiero2492 well you would need to leave to retire within 5/6 years to ensure your tax residency left Ireland before the 41% tax on unrealised gains was applied. So you don’t really get long to build a fund before being taxed.
Discusting how us Irish are taxed it really is, as u said we should be rallying our politicians to enact change.
wonderful video
Hello from HELLAS!!!
🇬🇷🇬🇷🇬🇷🇬🇷
Hey I'm an Italian who just moved to Greece. I will start my etf investing here I guess. What do you use as a broker? Thnks
Very informative and exactly what I was looking for. What a coincidence that this video was published yesterday!
For now, I'll just stay in the 4% trade republic account. I'm planning on chaining in the next 6 months but I need to go over stuff carefully before making decisions
Excellent video, congratulations on the research.
Bom vídeo, informação relevante! 🇵🇹
This was really great! Thanks for all the hard work 🎉
Angelo, this video is huge! Keep going with the good job and viva l'europa!
Thanks Angelo! Taxes aren't covered enough and are hugely important re: compounding, so it's great you're raising this point.
It's quite disappointing that many EU countries don't offer tax advantages like the US or UK on ETFs, though good to know that some do. Time to move to Greece I wonder? 😊
Thank you, that is an extremely helpful video! Brilliant!
Angelo, that is something I was looking for such a long time. Great comparison for Europeans! Thank you so much!
My pleasure! Who else would honestly spend time making a video about this? 😅
I'm grateful to have such a wide-ranging group of investors watching my videos! 🙏
What a great and helpful video, Angelo!
I have had doubts about the pre taxes in Austria and thought they would be much higher, so it’s very reassuring to know they are actually quite low - thanks a lot for sharing your experience!
I'm glad you found it useful and that it eased your mind a bit!
As long as you pick the right ETF, they're really not too bad. Even Germans had to pay 68% more tax via their Vorab-Pauschale on their Acc. Vanguard FTSE All-World ETF last year compared to us in Austria :)
Great video. Great research. Once again!
Thanks, from Lithuania!
Thank you, this is very helpful!
As always well done and thank you!
I cannot find the words to thank you enough for those amazing videos you make. This one in particular is so useful. we learnt so much through you. Thank you Angelo. 🙏
Thank you for writing that, hearing this means a lot to me! 🙏
Nice research.
Low Tax List Summary
- Greece: No CG Tax on UCITS
- Bulgaria: No CG tax on UCITS (European brokers only); 5% tax on div
- Cyprus: No CG tax in general; 17% on div for residents
- Slovakia: 19% CG tax if sold in less than 1 year; 0% CG tax if sold after 1 year; 7% on div
- Croatia: 12% both on CG and div but only if sold in less then 2 years
- Czech Republic: 15% on CG only if sold in less then 3 years
- Hungary: 15% on CG and div; TBSZ accounts (long term investment) 10% after 3 years and 0% after 5 years
- Belgium: No CG Tax; 30% on div; beware of TOB tax on buy and sell transactions (three rates: 0,12%, 0,35%, 1,32% depends on the ETF); 0,15% wealthy tax on over €1M investments
- Slovenia: CG Tax 15y 0%
awesome video and quality content, thank you Angelo for all your effort in creating transparency where little was there before 😊
Great video 👏👏👏
Very useful! Greetings from Austria.
Mulțumesc pentru munca ta! That's "Thank you for your work!" in romanian. 👏🏼
Great video.
Cumprimento de Portugal e obrigado pela tua dedicação em fornecer informação relevante para toda a Europa.
Abraço
You're very welcome, sending a hug from Austria as well! 🇦🇹
I find it challenging to research about my own country Netherlands 😅, and you have researched so many countries! Amazing research and video!
thanks for including Bulgaria despite being such a small percent of the portfolio ^^
Thanks for this sum-up! Bit disappointed you didn't cover Switzerland 😉 Maybe next time 👍
Sorry about that! I considered including Switzerland, the UK and more Nordic countries as well, but I had already spent so much time on my research that I decided to call it quits after number 22!
@@AngeloColomboFi Fair enough 😁
Great video, as usual! Thank you😊
It's just 0% tax on capital gains, isn't it?
I guess plus Stempelsteuer.
Very interesting video 👍
Thank you!
Belgium @3:20
no capital gain tax but minor purchase and selling tax (~1%)
Dividend from etf will be taxed so take accumulating etf
Merci!
Fantastic you cover a small country like Belgium 🇧🇪 keep up the excellent videos of late
Belgium stonks 📈
@@vladpolyanskiy9602 investing in Belgium might be nice but I’m very unsure wether Belgian stocks would be a good addition to anyone’s portfolio 😅
i am surprised that Belgium has low tax on something...
Thank you for doing this. Although I have no connection to Europe (neither residency or investments) I welcome seeing more ETF/stock channels with an international perspective. I see so many American, Canadian, and Australian channels where the presenters assume the viewers know where they are. You make it obvious and clear *where* you are talking about. Rare!
This was very helpful, would be great to see more videos comparing European countries (Income tax, living expenses, social security, wealth tax etc.)
Great video Angelo! it will be interesting to cover the rest of the world as well (continent by continent to avoid a 6000 minutes video), starting from UK and maybe some tax heaven countries.
Hi Angelo, I am so thankful to find your channel. I am from a 3rd world country but now studying and working in Austria. I could not find any videos in Investing in Austria in English. This video was something that I was looking for. Do you happen to have any video on filling capital gain, dividend and savings interest tax in Austria? It would be greatly helpful if you have a video for that or decide to create one. That would be greatly helpful! Thank you in advance!
Thanks from Ireland!
I was not expecting Portugal to be third in your channel's viewership, wow!
Most of them, like me, are probably non-native residents looking to retire here. There are ways to pay 0 tax in Portugal on ETF income.
@@Michael-schroder Would you mind telling us how?
you have earned my sub
Danke 👍
Hi Angelo, great video as usually, thanks :) I was wondering if you are planning to do a tutorial video for interactive brokers as it is bit tricky to navigate for basic users. All the best
Hey, French viewer here. A small detail on PEA: we also have access to major international ETFs (msci world, S&P500...) its just that the emitting financial company has to be based in Europe and has to replicate synthetically the index and not holding the actual shares if from Non-European companies
Correct, In a PEA you can purchase synthetic ETFs which replicate the performance or S&P500 (ESE), MSCI World (CW8), NASDAQ 100 (PANX) etc... After 5 years you will pay a reduced tax of 17.2% (social security) on capital gains when withdrawing from the account.
You're the best !
I find this incredibly helpful! Thank you, Angelo. I'm also based in Austria and currently use Interactive Brokers. Surprisingly, I've just learned about the yearly tax implications through your video. Would you consider creating a video tutorial demonstrating how to generate a tax report specifically tailored for Austrian users on Interactive Brokers?
Holy grail of tax avoidance. Thank you very much Angelo 🤙
I am an expat living in Austria and this video was just what I was looking for thank you! It is so painful to find good quality information about how the tax system works here. I really like Trade Republic's offering I hope they become "easy-tax", until then I really only have one option (Flatex). I would really appreciate if you could make a video on how you do your taxes in Austria there must be a lot of people struggling with this, especially expats. Thanks again!
Angelo your videos are so informative, light and clear in the message. Keep it up! Sending you all the best. This specific video is so far the best of it’s kind. I just hope the EU deepens integration soon to end this madness of differences in regulations and tax systems once and for all hahah
Damn das ist der erste RUclips wo der Kommentar Bereich mal gepflegt ist und nicht alles voll mit diesem bots ist die iwelche Finanzberater empfehlen xD
Schöner Kanal da es diesmal nicht aus der US-Amerikanischen Sicht ist ^^
Cool video, from France
Hi Angelo, at first congratulations to you, very good content in your videos! As you know Mintos launched a few months ago some bonds in their platform, do you have any comment about them? Are they a good idea for diversification?
Thanks for this video Angelo. As a foreign living in Austria and having to deal with all this complexity in german language seems to be hell on earth. As I also invest via Interactive Brokers, I would be forever greatful to you if you make a video showing how you do the calculation of your taxes for your etfs in Austria
This I woud also appreciate
Would also appreciate this for Germany, as a foreigner here I have the same struggle.
It's indeed insanity to do ETF taxes for non-tax-easy brokers in Austria, so I highly recommend switching to a tax-easy broker like Flatex (or Dadat), if you don't want to spend 400 hours a year learning Austrian tax law.
Same here! Do it Angelo!
you should just use a broker which automatically transfers the capital gains tax to the tax office spare yourself the hassle of austrian/german tax system
What about Switzerland? Great video, thank you!
Ciao Angelo, as usual many thanks for the great content, which remains a flagship for European investors. Could you please share the source of the information for the taxation in Belgium? Thanks!!
My pleasure! And thank you for saying that! 🙏
Curvo had some great information for Belgium: curvo.eu/article/invest-etf-belgium
@@AngeloColomboFi grazie 🙌
Thanks from France
Just in time for taxes, thank you Angelo! Pitty that taxation in Romania changed for the worst, it used to be better.
Hey Angelo, thanks for the video. Great reminder to me who is just about to buy my very first ETF's using some similar strategy like you. Just try to guess which country i live in the EU? Yes, man Denmark. We are taxed on dividends and gains 27% up to 51.000 dkk which is around 6.800 euros per year. Anything above that is what you just have in your panel 42% tax. I pay an income tax of 40% montly, but the services here are somewhat decent, can't complain on that. Anyways, it is better to invest to have some than procrastinate and have none in the future i guess, keep it up your great work!
Thank you! I think you have some investment/retirement accounts if I'm not mistaken, with slightly lower taxes. But in Denmark I find this part even worse than the 42% tax on its own:
"While sale of ordinary shares is taxable based on a realisation principle, a so-called mark-to-market taxation is applied on certain investment funds, ETFs, etc., which implies that each year taxable gain/loss is to be declared even though a sale has not actually occurred. The gain/loss is determined based on the market value at the start of the year compared to the value end of the year (values for start and end of the year will be changed to value upon arrival/departure if moving to/out of Denmark during the year). Value is to be converted to Danish kroner using the exchange rate at start of the year/end of the year, so this will cover both gain due to increase in value of the investment fund, etc. and gain due to currency fluctuations."
taxsummaries.pwc.com/denmark/individual/income-determination
Discovered your channel recently and just cant thank you enough that you talk abt Europe investments and in English. Thank you so very much. Could you please make a video abt how you plan to sell your Acc. ETF once you reach your goal. I still do not understand how can i achieve financial independence/how to get monthly income with Accumulating ETF after reaching the savings goal. There are also taxes to consider with selling etc. Would really appreciate if you could pls explain this and share your own plans as an example. Would be greatly helpful. Thank you 🙏
My pleasure! 🙏
I talked about it here: ruclips.net/video/b_TXq9H8prQ/видео.html
What a master piece. Best RUclips channel for European investor in Europe!
Video suggestion:
Exit tax, that it which countries have an Exit Tax on capital gains in case you are no longer a resident.
For example, someone in Austria is holding an accumulating ETF, before you sell any shares you move to Greece.
Can you “bring” your shares to Greece and would Austria want you to realise capital gains before moving to Greece.
Thank you Italo, that means a lot! 🙏
Interesting idea, I'd be interested in researching that as well! Hopefully that information is freely available, without needing to consult tax accountants in each country.
There is an exit tax in Austria, basically it's treated as selling everything and you need to pay full taxes on gains.
It's called Wegzugbesteuerung.
Though you can apply for paying the tax later when you sell, which is called Nichtfestsetzung I believe. But that requires a lot of manual bookkeeping.
This basically doesn't exist in Germany by the way, only when you directly own a GmbH or something, so for the normal private person it doesn't exist.
Any idea on Malta?
Dont declare anything lol
Do you know how ETFs / dividents are charged in Malta? And which is a good platform for them?
I have a question.
What happens when you move to another country?
Do you have to "cash out" and then reinvest in the other country? Or just tell your broker that you moved?
How does taxation work when moving to another country?
Hi Angelo, sadly you didn't cover my highly taxed country of Denmark. Here we pay an insane amount of tax both on income and on stocks (+ETFs). It is a complex system with many nooks, but basically you pay 42% on every gain above 8k euro. Up to 8k euro you pay 27%.
Keep up the good work. I've enjoyed your channel for some time now.
Hi Daniel, I shortly looked at Denmark as well, but ran out of time. So I decided to call it quits after 22 countries :)
Here's the part that shocked me even more than the 42% tax on its own:
"While sale of ordinary shares is taxable based on a realisation principle, a so-called mark-to-market taxation is applied on certain investment funds, ETFs, etc., which implies that each year taxable gain/loss is to be declared even though a sale has not actually occurred. The gain/loss is determined based on the market value at the start of the year compared to the value end of the year (values for start and end of the year will be changed to value upon arrival/departure if moving to/out of Denmark during the year). Value is to be converted to Danish kroner using the exchange rate at start of the year/end of the year, so this will cover both gain due to increase in value of the investment fund, etc. and gain due to currency fluctuations."
taxsummaries.pwc.com/denmark/individual/income-determination
Can you confirm that you have to fully tax unrealized ETF profits at the end of every year? That would be crazy!
Hi@@AngeloColomboFi sorry for the late response, but YES. For special accounts and for ETFs you are being taxed every year on the profits of the account at the end of december. For normal shares you get taxed when you realize the profits. Also there is special accounts but you can only put around 19000 euro in them max. On these accounts you get taxed 17% but still at the end of every year of the profits.
Best Daniel
similar thing also applies to Germany @@AngeloColomboFi
@@danielmadsen9115 This is crazy. You invest your hard earned (and heavily taxed) money and then you have to pay taxes on top of that
@@AngeloColomboFi yup, that's basically it. Worse country in the world by far.
Luxembourg wasn't mentioned, but you can invest tax free in any type of security/fund, EU or non-EU, if you hold for at least 6 months.
Dividends are taxed 15% and interests 20%.
I can also confirm that UCITS ETFs are tax free in Greece.
Great video btw! Cheers
hey! Can you share the source about UCITS being free in Greece? Couldn't find it anywhere.
Here are two: www.taxexperts.eu/en/an-overview-of-distributions-and-capital-gains-taxation-in-greece and assets.kpmg.com/content/dam/kpmg/gr/pdf/2023/04/gr-investment-in-greece-guide-04042023.pdf
The special solidarity contribution on individual income mentioned in the second link seems to have been abolished in 2023.
@steliosprokopiou29 & @AngeloColomboFi thank you very much both for this amazing work and for this particular comment Stelios - can you be so kind and elaborate on the Lux part? So tax free for holdings (stocks or accummulating UCITS ETFs) for anything that is held longer than 6 months? Does that include US stocks (that don't pay dividends, which would otherwise be taxed with 15% i take it) ? Appreciate it, and also some extra resources to deepdive in english if there are any. God bless!
Thanks for the video, I live in Estonia so I can add you can postpone capital gain as long as you want if you don’t withdraw more money than you contributed by using an investment account or investing through a company which is fairly easy here 👍
That’s a good system to help compounding profits without any taxes as long as the money is not needed😉
That's great, thank you for sharing!
Hey Angelo, thank you for this very informative video as per usual. I have my portfolio (just VWCE) on Interactive Brokers, but I am considering working in Austria in the near future. The Austrian tax system you described saddens me, as I am unable to find any resources on how to do it properly myself. Is it perhaps better to transfers my portfolio to Flatex? Have you yourself maybe considered this?
My pleasure! That's understandable, I also wish it was easier. Moving your shares to Flatex would definitely be simple option, but you also need to figure out if the country you're leaving wants taxes on unrealized profits when you move. If that's the case, selling the shares while you're still a tax resident in your current country and buying them again on Flatex, Trade Republic or Scalable once you're a tax resident in Austria might make sense as well.
Ciao Angelo,
grazie per i video molto informativi, di cui sono venuto a conoscenza solo da poco.
Vivo anche io a Vienna e volevo approfitarne per chiederti se la documentazione che TradeRepublic fornisce per la dichiarazione delle tasse sia difficile da compilare senza l'aiuto di un commercialista.
Pensavo per lo piú di depositare i miei risparmi sul conto al 4%, anche se ETFs e altri investimenti potrebbero interessarmi. Ma finora sono bloccato per via delle recensioni che ho letto sulla difficoltá di compilare le tasse.
In bocca al lupo e continueró a seguirti!
Hello Angelo, in Slovakia there is slight change, while holding ETF less than year you need to pay 19% of income tax + 13.4% of health insurance tax, so in total approx 34%, so its very very worth it to hold it for more than one year, you can introduce FIFO if needed when you need to withdraw some money.
Thanks for the info! Luckily 1 year is very manageable, I'm glad they didn't change that!
Hello Angelo. Amazing video. I live in Belgium. Can you please tell me where you got the data for the TOB tax? How did you find out that the purchase/sale tax was higher for Vanguard than for iShares and SPDR? What would it be for Invesco FTSE All-World?
Hello Angelo, viewer from Belgium here. I've invested on FTSE all world Acc via trade republic. In your video, you mention that the tax on buy is 1.32% however the monthly tax report from Trade Republic is applying the 0.12%. Hopefully they are correct.
Interesting, I did read that some brokers apply different TOB rates. Hopefully that one is indeed correct!
Dear Angelo for Germany, you forgot the mention the 30% tax freedom (ie. you multiply taxes w factor 0.7) for any Funds containing >50% stocks.
That takes you to around 19%.
No guaranties, but I am living there and suffer fron these high taxes :-)
True! It's taken into account when calculating the "Vorabpauschale" as well.
Hi Angelo,
Can you explain the Netherlands a little bit more? What do you mean exactly by switching to a simpeler etf strategy. Why would it be important to do or why would you do it?
Greetings from the Netherlands
I meant that if you were already considering switching strategy to something simpler (eg. a simple World ETF: ruclips.net/video/ysyJh7DOex4/видео.html ) beforehand, then you should do that before an actual capital gains tax is introduced.
Hi Angelo, what’s is your opinion on Global All Cap (specifically ESG) v FTSE All-World ETF? Such as V3AA and the classic VWCE. The biggest difference I see is the fees 0.24% v 0.20% and 5851 holdings v 3665. Thank you sir!
Not a fan of ESG-filtered ETFs personally, where the index providers seem to make different, often irrational decisions on which stock is ESG and which isn’t. I prefer passively buying the market as a whole instead. Thus, I still prefer the FTSE All-World.
Really happy to see European focused investment content. 🇸🇪
He did not mention sweden though, or dis i miss it?
@@bjorkthetree No he didn't. But it's closer than a US/Canada focus.
Hi Angelo, very nice video, and also quite original topic!
This brings to my mind a question.
What if, after investing a good amount in ETF for many years on a certain European country that has a high taxation (I live in Spain for example), I would move to live in Greece for a couple of years and sell my ETFs there at 0% tax?
Is it feasible/legal?
You have to find out if Spain has an exit tax or not, which may force you to tax unrealized capital gains there when leaving
Great video Angelo! Croatia here, we have 0% capital gains if you hold more then 2 years, and 12% on div. I have a question for you. I have a portfolio that i will try to get to 35% VUSD (USD version so i can reinvest when they pay dividends in dollars) and 15% VWRL. I want to create a income that can help me in the future and that I can leave to my kids. So what do you think is better to buy distributing ETFs and build my positions or go with acc version? My logic here is that buying acc version now and after some years selling to buy dis version would be more in fees then i pay in taxes on dividends (maybe i am wrong). And on other side i like receiving some $$ to get me going.
And one more thing do you know why we pay more fees on buying VWRL EUR version then buying VUSD USD version (Interactive Brokers is the platform)?
THX!
Thank you! Yes, Croatia is definitely one of the most attractive countries for ETF investors I mentioned :)
I get the psychological aspect of seeing dividends paid out to your account, but the fact that these are taxed at 12% compared to paying no tax when selling Acc. ETF shares after two years (eg. 1-2%/year to have the same dividend yield in cash) definitely makes these less advantageous over the long run. We're also planning on simply selling some Acc. ETF shares in Austria once retired to cover our expenses - since trading fees have become so low, switching to a Distributing version wouldn't make sense.
No idea, I usually pay 1.25€ in fees for VWCE (the Acc. Vanguard FTSE All-World) on IBKR using the tiered pricing model. You could try purchasing VWRL via a recurring investment, that usually lowers the fee to the 1.25€ minimum as well (again using tiered pricing)! This video might help: ruclips.net/video/12g12UU8oPQ/видео.html
Hi Angelo, question: I invest on interactive brokers, but I live in Europe as European citizen (Greece). When it comes to tax, does it matter Where the broker actually located or on which market I have bought the stocks or ETF ? For instance Interactive brokers are located in USA however, the ETF I bought is from Italian stock exchange in Eur.
No, shouldn't matter, at least based on my research. Your IBKR account is most likely based in Ireland (IB Ireland) by the way!
Good morning Angelo, I would appreciate if moving forward you could include Malta as a jurisdiction for ETF investing. I can ensure you have a lot of viewers here too, since to many I have referred your channel myself ;)
Great video Angelo. I understand that the Teilfreistellung in Germany is dependent on the funds having equity stocks > 51%. Is the Vanguard FTSE All-World Accumulating such a fund? I am new to investments, so I need to get an idea about this.
Thank you! Yes of course, the Vanguard FTSE All-World gets the Teilfreistellung as well. It's one of the most popular ETFs in Germany.
It's simple, i open a video from Angelo, first thing to do is to click Like, cause his value given track record shows me that i will most likely get a lot of value from it as always. P.S. Past performance is no guarantee of future results. :)
I love hearing that, thank you! :)
Angelo, Why are you going after the Vanguard FTSE All-World UCITS after all? It still consists of mostly US companies - 57,80% and gives you only 20% in a good year. Not much diversification for that significant price. Even the very basic Vanguard S&P 500 UCITS ETF - gives you 6%+ right away.....
I'm not sure what you mean, are you referring to the higher returns we've seen from US stocks over the past few years? I certainly can't complain about my returns either and I prefer diversifying globally long-term vs. being all-in on a single country. But you should do whatever you're the most confident in!
You are almost right with Germany. There is capital gains tax of 25%+5,5% soli, it is about 26,375 for stocks and dividends BUT there ist 30% cut on etf taxes. This lower etf capital gains and etf dividend tax to about 18,5% and there is also 1000€/year tax free allowance for gains and dividends so it cover for example this yearly tax from etf capital gains for most of etf buyers and lower tax year after year for buy&hold etf investors. This yearly gain tax for etf is made specially for ppl getting etf to use this allowance and drop their capital gain taxes after many years of holding etf. There are quite few strategies to use all of tax cuts in Germany :)
Very interesting video, Angelo! when it comes to bitcoin, do you recommend using a cold wallet or leaving it in Bitvavo is a good option?
Thank you! If you have a few thousand euros, I'd still move it to a hardware wallet for extra security. I talked about it in yesterday's video: ruclips.net/video/wqPAo5dIbdk/видео.html
Tnx for your helpfull videos. Hope Slovenia will lower taxes for cap. gains ... 👍
Servus! Ich bin neu und würde gerne in (Dist)-ETFs investieren (Hauptwohnsitz in Österreich), ich hätte Trade Republic gewählt. Kannst du ausschüttende ETFs empfehlen oder ist die Steuerlast größer? Doch lieber einen Acc wählen? Anlagedauer voraussichtlich über 10 Jahre
Very informative what's you're opinion on holding non leveraged cfds long term, in ireland these are taxed at 33% same as individual stocks
Another nonsense tax-law, there should ne no incentive to hold CFDs over physical ETFs 🤦♂️
Sadly I have no experience with CFDs myself, so I'm the wrong person to ask.
In Spain index funds are great for example for this: You can have your money in a fund of short term bonds, now with high interest rates. You will not pay money for the interest and you are able to transfer that money, for example to a MSCI World fund. This is only an example.
Mechst den Österreich teil numoi genauer betrachten?(:
I have a small question. As someone from Austria and interested in starting to invest in the Vanguard All World accumulating like you and your wife do I was wondering if it would make sense for me to wait for their trading year to end in June and only start investing then to avoid paying the taxes you talk about for only 4 month or is that irrelevant/negligible. I'm planning to start with about 10k and then monthly automatic investments. Thanks for the great insights on the Austria side of things in a variety of your videos. Definitely helps a lot in the Austrian tax jungle.
The "Geschäftsjahr" itself is not the relevant part to look at (I only used it to calculate the taxation so far), the date each report is published is, since we get taxed on that exact date. The last one was published on 18.01.2024, so you have 11 months until the next one: my.oekb.at/kapitalmarkt-services/kms-output/fonds-info/sd/af/f?isin=IE00BK5BQT80
Also keep in mind that in the video I showed that the annual tax has been around 0.16% with this ETF - if you assume long-term average returns around 7% p.a., you shouldn't wait on the sidelines too long just because of that.
@@AngeloColomboFi Ah I see. Thanks for the clarification. I'll get going asap then :D