Deadline for application for a loss certificate expires

Capital investors must apply for a loss certificate from the bank by December 15, 2018 at the latest if they do not want to have losses carried forward but want to offset them against income at other banks in their tax return.

Gains from securities transactions are normally automatically offset by the bank against corresponding losses. However, if you have distributed your securities among securities accounts at several banks, the only way to offset losses is to file a tax return. To do this, you need a loss statement from the bank, which is not automatically generated, however, because the losses are normally carried forward to the following year. You must therefore apply for the loss certificate from the bank by December 15, 2018 at the latest.