Hi everyone! I’m currently looking for a reliable German CFD trading platform that can automatically handle the capital gains tax (Abgeltungssteuer) deductions. I already have the loss limitation calculation set up for the 20,000€ threshold that was introduced recently.
I’ve been trading for a while now but dealing with tax calculations manually is becoming quite time-consuming. It would be great to find a broker that takes care of this automatically so I don’t have to worry about making mistakes with my tax filings.
Has anyone here used a German CFD provider that offers this automatic tax handling feature? I’d really appreciate any recommendations or experiences you could share. Thanks in advance for your help!
ING handles taxes automatically and their CFD costs are pretty reasonable. I’ve been using them for two years with zero tax filing problems. They calculate everything - even loss carryforward rules. Your annual statement comes ready to submit for taxes. Just heads up though - their CFD selection is way smaller than dedicated trading platforms. Works fine for major pairs and indices, but you’re out of luck for exotic options. DKB also does automatic taxes, but their platform feels super clunky compared to the others people mentioned.
Comdirect and Consorsbank handle taxes automatically. I’ve used Comdirect for 3 years - they take care of Abgeltungssteuer without me lifting a finger.
Their loss tracking works great. They monitor your 20k threshold and update everything in real time. Year-end becomes much easier.
Downside: CFD spreads are wider than international brokers. But I’ll pay extra to avoid tax paperwork hassles.
CapTrader’s worth considering if you want better execution. German regulated with automatic tax handling, though their platform has a learning curve.
OnVista Bank saved me from tax hell when I ditched my international broker three years ago. They handle Abgeltungssteuer automatically and actually track your loss offset right.
The platform’s nothing fancy but works. CFD execution on major pairs is decent. Tax reporting’s solid - everything shows up correctly on your annual statement.
They’re really good with loss carryforward calculations. I had massive losses in year two and they tracked everything perfectly for next tax season.
Spreads are higher than offshore brokers, but the convenience is worth it. No more spreadsheets or wondering if you screwed up the math.
