What is left of your profit after tax?

25% Abgeltungsteuer plus a 5.5% solidarity surcharge on top of that, which makes 26.375%. With church tax it is 27.82% (8% church tax in Bavaria and Baden-Wuerttemberg) or 27.99% (9% elsewhere) — no more than that, because church tax reduces the underlying rate.

A partial exemption compensating for tax already paid at fund level. For equity funds holding at least 51% equities, private investors keep 30% of distributions, Vorabpauschale and sale gains tax-free. German brokers apply it automatically.

German brokers do — they pay the tax directly to the tax office. With a foreign broker you declare the income yourself in Anlage KAP. Church tax is only withheld automatically if you have not objected to the annual data query at the Federal Central Tax Office.

Losses go into loss-offsetting pots and reduce future gains. Losses on individual shares may only offset gains on shares; everything else sits in the general pot. This calculator looks at a single item of income without loss offsetting.