Transferring crypto ETNs to a new broker in Germany: the loss pot only moves on request

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.If you move your securities account to another bank in Germany, crypto ETNs take more with them than just a security. Acquisition data, the loss offset pot and the tax exemption order follow three different rules, and one of them runs out on December 15.Add as a preferred source on GoogleFollow on Google NewsA securities account transfer of crypto ETNs costs you no tax in Germany as long as you own the securities both before and after. The transferring bank must pass your acquisition data on to the new bank, by law and without you applying for anything. The move becomes expensive in two other places: your loss offset pot only comes along if you explicitly request it and transfer the entire account, and if the acquisition data get lost on the way, the new bank treats a flat 30 percent of the sale price as gain. These questions come up particularly often in the autumn. More and more German banks and online brokers have added crypto ETNs to the ordinary securities account, and towa...