Hi,
I understand now that taxes will be deducted automatically from Jan 5/6 by Trading212 FXFlat - does include everything inkl stocks, dividends and vorlaubpauscahle for ETFs?
I currently am on the International entity (the difference with the UK one I don’t fully understand) - is there any update on how to transition between the two, or what others have looked into?
Thanks!
There’s no way to transition (seamlessly migrate) as of yet.
Only option is to transfer the assets to a different broker and then close your T212 account and open a new one with the German T212.
In this case please remember that T212 Germany does not support portfolio transfers as of yet.
In my case I transferred my positions and just deposited cash in my new German T212 account.
To answer your first point, yes, it covers all taxes and corporate actions.
I did the same as saifali. Sold positions, moved cash, reopened under T212 Germany. Annoying, but clean from a tax perspective.
With a large portfolio, that’s not so easy. Above all, it would create a huge tax burden… We need a way to transfer funds within T212!!
Transfer out of T212 to another broker. Close the account and open a German T212 account and wait until they enable portfolio transfers. You don’t have to sell anything.