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Generic Tax Name Taxation of profits and losses on claims, debts, and financial instruments
Tax name in the national language Lov om skattemæssig behandling af gevinst og tab på fordringer, gæld og finansielle kontrakter (kursgevinstloven)
Tax name in English Taxation of profits and losses on claims, debts, and financial instruments
Member State DK-Denmark
Tax in force since 1997/11/10
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Statutory Notice No 1113 of 18. September 2013 (Kursgevinstloven).

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments
 
Geographical Scope

 
Taxpayers

Taxpayers are the owners of securities etc. Both companies and private persons are taxable for losses and gains on financial instruments.

Companies - regardless of whether they are professional traders - are taxable for losses and gains on claims, securities etc.

Private persons, who are not professional traders, were generally exempt from taxation on claims issued in Danish currency providing that the individual claim would yield interest equal to the minimum interest rate of 2% (2010). As of 2011 this rule has been abolished implying, that private persons are now subject to taxation of gains and losses regardless of the yields.

However, to protect existing portfolios of private persons this tax exemption is only abolished for bonds acquired as of 27th January 2010 or later. Hence, private persons existing portfolios of approved bonds will still be tax exempt according to existing rules.

 
Tax object and basis of assessment

The sale price minus acquisition costs. Financial instruments are annually taxed according to the inventory principle.

Companies:

Losses from concern connected companies are non‑deductible.

Gains on financial contracts are taxable and losses are deductible, while losses on certain share‑based financial contracts only can be deducted in net gains in the same year and can be carried forward to similar deductions in the following years.

Private person:

Losses for private persons, who are not professional traders, are not generally deductible.

Claims and debts in foreign currency are included in the compilation of private income if the net gain or loss exceeds DKK 2,000.

Gains on financial contracts are taxable, while losses can be deducted in net gains in the same year and can be carried forward to similar deductions in the following years.

 
Deductions, Allowances, Credits, Exemptions

 
Rate(s) Structure

Companies are taxed according to the rules on corporate taxations

Profits arising from a private person's transaction are taxed as capital income.

 
Tax due date

 
Tax collector

Collection and accounting is carried out according to the same rules as State taxes.

 
Special features

 
Economic function







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Environmental taxes



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Tax revenue
ESA95 code d51m (d51a)

Comments

Revenue appears under the Personal income tax - State, county and municipal income tax.