CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Important Tax Changes Due to the 2024 Annual Tax Act

Dear Customer,

This message applies exclusively to customers who are subject to taxation in Germany.

We would like to inform you about an important change in the tax loss offset regulations introduced by the 2024 Annual Tax Act (JStG 2024). The restrictions on offsetting losses from derivatives and the expiration of capital investments have been lifted. This means that losses can once again be fully offset against capital investment gains within the same tax year.

What does this mean for you?

  • Full loss offsetting: Losses from derivative transactions—including CFDs, Forex Spot, and Futures—can now be fully and immediately offset against gains. The previous restrictions, such as the €20,000 limit on deductible losses and the requirement that losses could only be offset against gains from derivatives, no longer apply. This effectively restores the legal situation to what it was before the introduction of these restrictions in 2020/2021.
  • Retroactive application: The removal of these restrictions applies retroactively to all still-open tax cases. Please consult your tax advisor to ensure that any previously unrecognized losses are taken into account in your tax assessment.
  • Automatic loss adjustment: FXFlat has already implemented these new regulations. All transactions for the year 2025 will be corrected retroactively as of January 1.

What happens to losses incurred in 2024?

  • We will offset gains and losses for the year 2024.
  • If you have both gains and losses, you will receive a corresponding tax credit in your trading account.
  • Any remaining excess losses will be carried forward in the loss pot.

Please note that FXFlat does not provide legal or tax advice. We strongly recommend consulting your tax advisor to discuss your individual tax situation.

If you have any further questions, our support team is happy to assist you.

Best regards,
Your FXFlat Team

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