Hi everyone, I’m curious to know where you’re all trading from! Could you please reply below with your country and let me know if your country uses the FIFO (First In, First Out) method to calculate capital gains for tax purposes?
Just to clarify, I’m not asking about the actual tax rates for each country, just how capital gains are calculated.
Example:
Country: Croatia
FIFO for Capital Gains: Yes
If it turns out that many countries are using the FIFO method, maybe Trading 212 will consider adding a reporting option for those countries to choose from.
Looking forward to seeing your replies and comparing how things work in different places!
You’re right that tools like Portfolio Performance, Excel, and others can generate graphs, statistics, and reports for tracking investment performance. However, the reason platforms like Trading 212 provide their own reporting, graphs, and statistics is mainly for convenience, user experience.
It would be nice from you if you can answer the topic question.
This was one of the major sources of dissatisfaction among customers at FreeTrade that they used FIFO which presented a misleading picture of your investments and they ignored all requests to change it. If T212 introduce this, then it must be as an additional option, not as a universal application!
We also have to remember that users can hold shares over multiple brokers, which is generally why a lot of brokers don’t offer tax reporting, because they don’t have access to that data.
The below is out of date and wrong for a couple of countries but generally a good pointer.
I’m fairly certain someone built a fifo lifo and avco calculator using a 212 export in google sheets, if I can find the link will post it.
