By offsetting gains and losses, the tax burden as a couple can decrease.
(Photo: Imago/Westend61)
Frankfurt In good times and bad – that’s what many couples promise each other when they enter into marriage or a registered civil partnership. What many don’t know: together they can even get something good out of a streak of bad luck when investing.
The principle behind it is simple. The gains of one spouse or partner are offset against the losses of the other. As a result, the profit is smaller overall and fewer taxes are due.
Since 2010, there have been clear legal rules for couples who have their accounts and custody accounts with the same financial institution. If the partners have their accounts with different financial institutions, offsetting only works via a joint tax return. So far there has been no law on this.
This gap has been closed with the latest annual tax law. Exactly what couples need to do now to offset their losses. A quick overview.
A pair – a financial institution
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Further