Comments on: The Scholz Brake: Fixing Germany’s New 1000% Trader Tax https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/ A new view on algorithmic trading Tue, 18 Feb 2025 06:14:43 +0000 hourly 1 By: HappyDays https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-116161 Tue, 18 Feb 2025 06:14:43 +0000 https://financial-hacker.com/?p=3197#comment-116161 To anyone reading this: IT IS FINALLY FIXED. The law is gone. Good riddance.

]]> By: Jan https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-99023 Sun, 11 Feb 2024 19:44:00 +0000 https://financial-hacker.com/?p=3197#comment-99023 – Bundesfinanzhof (BFH) anhängig (Az.: VIII B 113/23)

– laufendes Verfahren vor dem Bundesverfassungsgericht 2 BvL 3/21

-Beschluss des FG Rheinland-Pfalz in einem weiteren Klageverfahren (1-V-1674/23)

– Finanzgericht Baden-Württemberg eingereicht. Das Aktenzeichen lautet 10 K 1091/23.

And a goverment of thimbleriggers making disappear billions that never existed over night.
Trading, a potentil risk for society.
Politians, proven risk 🙂

]]> By: jack https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-89179 Tue, 28 Feb 2023 16:51:21 +0000 https://financial-hacker.com/?p=3197#comment-89179 It’s not clear when that’s gonna be effective. Did the new law pass for 2023?

]]> By: Jay https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-82680 Mon, 19 Sep 2022 05:10:53 +0000 https://financial-hacker.com/?p=3197#comment-82680 There are plans to fix it, announced some months back.
Haven’t heard about actual legislation passed yet, though.

(https://www.godmode-trader.de/artikel/neue-steuerregeln-ab-2021-fuer-derivate-kommt-alles-ganz-anders,8478516)

]]> By: Jack https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-82381 Tue, 06 Sep 2022 14:42:47 +0000 https://financial-hacker.com/?p=3197#comment-82381 Is there any update on this stupid law? How are you guys trading futures at the moment?

]]> By: jcl https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-77376 Wed, 15 Dec 2021 09:21:37 +0000 https://financial-hacker.com/?p=3197#comment-77376 Yes, you can fully compensate losses when you’re not a small private trader, but incorporated.

]]> By: Artur https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-77370 Tue, 14 Dec 2021 23:20:29 +0000 https://financial-hacker.com/?p=3197#comment-77370 How does one become a professional trader in Germany to circumvent the 20.000 euros limit on the losses deduction? Does becoming a professional trader really allows you to compensate your losses in options trading against your profits when calculating the taxes?

]]> By: jcl https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-72174 Wed, 30 Jun 2021 12:41:57 +0000 https://financial-hacker.com/?p=3197#comment-72174 The tax is for private traders only. Not for professionals that are normally incorporated. About the intention one can only speculate.

]]> By: Magnus https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-72169 Wed, 30 Jun 2021 10:27:11 +0000 https://financial-hacker.com/?p=3197#comment-72169 Thank you for taking the time to reply.
So, there is no ‘professional trader’ in Germany. One can’t make an income and pay income tax instead of capital gains by trading futures/options ? One is always subject to Capital Gains irrespective of whether they trade 100 times a month or once a month ?
I was referring to the gains in 2021. As far as I am aware, 2020 is exempt. The law was passed in Dec 2019. I am still shocked that one can go bankrupt because of the law, I mean in theory, if you have 2mm of gains vs -1.95mm in losses, you need to pay almost 500k in taxes on gains of 50k…
I am not sure if that was intended by the law. It seems intended to cause harm than to actually tax.

]]> By: jcl https://financial-hacker.com/the-scholz-brake-fixing-germanys-new-1000-trader-tax/#comment-72133 Tue, 29 Jun 2021 12:11:33 +0000 https://financial-hacker.com/?p=3197#comment-72133 If you made the profit in 2020, I think it’s not yet subject to the trader tax, but just 25% of the net profit. But check with your tax advisor to be sure. The German tax on options and derivatives can be quite complex, even with no trader tax. And since you took residence in Germany, you can be sure that the finance ministry has good connection to IB and other major brokers and knows everything about your accounts.

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