10.06.2024 Withdrawal of tax credit in the wake of alleged cum-ex schem ... If it has been revealed during an external tax audit that a large portion of dividend payments from shares were part of so-called short sales and thus the withholding of capital gains tax appears doubtful (here: as being in connection with cum-ex trading), the tax office is entitled to revoke the tax credit granted earlier and reclaim the tax refund from the taxpayer. This was decided by the Tax Court of Hesse following a complaint regarding the suspension of payment. Categories: Tax CourtKeywords: cum-ex, Capital gains taxation
08.03.2023 Cryptocurrencies to be taxed as capital gain if not held for ... Gains realized by taxpayers within one year from the sale or exchange of cryptocurrencies such as Bitcoin, Ethereum and Monero are subject to taxation as a private capital gain. At least as far as the year 2017 was concerned the Supreme Tax Court held that there was no normative enforcement deficit in the recognition and taxation of transactions with currency tokens which could be viewed as unconstitutional. Categories: Supreme Tax Court casesKeywords: Cryptocurrencies (Virtual Currencies), C ...
01.09.2021 Sale of property after gratuitous transfer to children no ab ... If the taxpayer has arranged for the sale of a property to a third party, there is generally no abuse of tax law (abuse of legal forms) if the property was initially transferred to the children free of charge and subsequently sold by the children to the ultimate buyer. According to the decision of the Supreme Tax Court the capital gain is subject to income tax in the hands of the children based on their individual income tax situation. Categories: Supreme Tax Court casesKeywords: Capital gains taxation, gratuitous trans ...
29.11.2017 Immediate taxation on transfer of a foreign branch is not pr ... In a decision published on 23 November 2017 the European Court of Justice (“ECJ”) again considered the question on the taxation of the transfer of assets of a foreign branch in exchange for new shares. The question was referred to it by the Administrative Court of Helsinki in Finland. The ECJ held that the taxpayer must be given the choice between an immediate charge to tax and a deferred payment of tax. Categories: From Europe, European Court of JusticeKeywords: Capital gains taxation, EU Law, Foreign ...
03.11.2014 Tax & Legal News - Special Edition November 2014 Update ZollkodexAnpG: Bundesrat select committees ask for changes Categories: Tax & Legal NewsKeywords: Capital gains taxation, Loss relief, Zol ...
09.01.2011 Taxation of capital gains - changeover The finance ministry has ruled on a court case holding the increased capital gains scope to be unconstitutional inasfar as the gain could have been realised tax free on promulgation of the new law. Categories: Official PronouncementsKeywords: Capital gains taxation, tax free capital ...
