If you buy and sell bonds and shares, you will have to pay taxes. It doesn’t matter whether you made a profit or loss. The stock exchange tax or tax on stock exchange transactions is a tax that the bank or brokerage firm will charge when investment products are bought or sold.
The question is how the exchange fee must be paid and whether you can deduct incurred expenses? This stock market tax isn’t applicable on diamond as an investment.
But how many fees do you have to pay?
Who buys or sells shares or bonds, pays stock market tax. But how much is the fee you have to pay?
Regularly, the stock market tax is increased to supplement the public funds. Currently, the following amounts apply:
- With the sale or purchase of an existing bond, you pay 0.09 % stock market tax (with a maximum of 650 euros). However, it is a cost to be reckoned with, given the current low interest rates and withholding tax of 27 %.
- The issue of new bonds is rather rare at this moment, but you don’t need to pay a fee.
- With the sale or purchase of shares, you pay 0.27 % stock market tax (with a maximum of 800 euros). These limits only play in major purchases because they are for individual transaction.
Can costs be deducted?
The stock exchange tax is charged on the purchase price. Entry fees or brokerage fees aren’t taken into account. Upon sale, the tax is also charged on the sale price, without taken the costs into account. Seeking out a bank with low transaction costs is appropriate.
There are some opportunities to avoid the stock market tax. For example, a foreign bank doesn’t pay the taxes. But banks and brokers that actively advertise in Belgium and offer their services via the Internet do have to pay taxes of the authorities. This means, there can be a tough discussion with the tax authorities.
It is important to diversify your investment portfolio. Diamond as an investment is a nice alternative, since uplift fees don’t have an influence on it. This gives the possibility to invest effective in a larger amount (whereby the return will also be larger). BNT Diamonds hereby offers professional guidance and advice.