In certain cases, you can avoid the tax deduction on capital gains earned in the first place:

Indemnification Order (FSA)

If your taxable investment income does not exceed €801 or €1,602 (in the case of jointly assessed spouses or partners) per year, an exemption order from your bank is sufficient to avoid the tax deduction of investment income by the bank.

You can also distribute the saver's lump sum of €801 or €1,602 to several credit institutions. Within a credit institution, it is not permitted to limit the exemption order to individual accounts or custody accounts.

Non-assessment certificate (NV certificate)

If your taxable income (including capital gains) does not exceed the basic income tax allowance in the calendar year, you can apply for an NV certificate from your local tax office. The NV certificate will then be sent by the tax office. An NV certificate is only required if your taxable investment income exceeds the saver's lump sum of €801 or €1,602 per year. Otherwise, an exemption order from your bank is sufficient.

After presenting the NV certificate to your bank, it can pay out the capital gains without deduction of taxes. When it comes to the number of certificates, please keep in mind that you will need a copy for each credit institution where you earn investment income.

An NV certificate will not be issued if you are expected to be assessed for income tax or if you apply for it. Therefore, among other things, you will not receive an NV certificate if you have been determined by the tax office to have a remaining loss deduction.

The NV certificate is issued subject to revocation and is valid for a maximum of three years and must end at the end of a calendar year.