Taxes & Brokers (DACH)

The annual statement is a tax reconciliation, not a profit account. What sits behind each item, why the figures differ from your journal, and how to reconcile the two properly.

A transfer moves your holdings but not your loss pools or exemption order. Which acquisition data is passed on, what becomes unreachable once the account closes, and the order to do it in.

The saver's allowance is yours by law; the exemption order simply collects it earlier. Its size, splitting across brokers, deadlines, the order against loss pools, and what applies to foreign brokers and crypto.

Losses only reduce tax inside the right offset category. Share losses, other investment income and crypto are kept apart, the derivatives restriction has gone, and offsetting across brokers hinges on 15 December.

Choosing a broker is not decided by commissions. Seven criteria from regulation and tax handling through to exit costs, weighted by trading style, plus a way to test a broker before committing.