Co-founder of Affari Miei
January 15, 2024
L’stamp duty on securities deposit it is one of the various taxes that we must pay if we have some money to invest. Who should do it? How to calculate it and how to (legally) avoid paying it, if possible?
In this guide we talk about this very topic. So, keep reading!
This article talks about:
What is stamp duty on securities deposit?
First of all, let’s try to frame the context: in the meantime, let’s define the securities deposit. It is an investment instrument at the base of which we find the classic and well-known Bank account.
Since 2014, for almost all bank deposits and for Securities deposit l’Stamp duty has been increased to 0.2%with the elimination of the minimum tax of 34.20 euros for some specific categories (previously the stamp duty amounted to 0.1%).
In short, a big blow for savers and investors.
Let’s clarify: deposit account vs securities deposit
While we are here to clarify our ideas, I want to briefly underline the difference between a deposit account and a securities deposit.
The first offers you a return thanks to interest rates, the securities deposit allows you to digitally store and purchase financial instruments such as shares, bonds, ETF or fund shares and much more.
The securities deposit, as anticipated, is a support account that is generally linked to a Bank account traditional.
If you want to invest in bonds and shares, derivatives or various financial productsis essential: you can open it at any bank that undertakes to store and administer the securities and financial instruments, as well as receive and execute the purchase, subscription and/or sale or redemption orders established and requested by you.
Taxation…
Every investor is obliged to pay a real tax on his ability to profit (financial income taxation) and on his ability to dispose of money or securities deposited (stamp tax).
This makes it a particularly hated tax (who smiles at being taxed on their hard-earned savings?), and this is why many are mobilizing to legally look for ways to avoid it without having to pay fines or penalties.
CHow is i calculated?stamp duty on securities deposit
So let’s see how to calculate this tax. As I have already told you, this tax currently amounts to 0.20% of the balance on the account.
And example? If there is 50,000 euros in your account, the tax to be paid will amount to 100 euros. If you want to do the calculation alone, remember that we are talking about the 2 per thousand of the amounts deposited.
Obviously you will also have to calculate the interest levy in a second phase, i.e. the 26% on accrued interest.
In both cases, generally, it is the bank that does everything when we are in the administered regime while it is up to you to do everything when you opt for solutions in the declarative regime.
Why do you need to know these things? I always tell you, investments are your responsibility, and therefore you need to know what costs you will incur, in order to fully evaluate the actual convenience (or otherwise) of the instrument you are choosing.
When you pay
Now that you know how much you pay, let’s figure out when you need to do it. This tax must be paid on the date of production of the account statementwhich can be either annual, semi-annual, quarterly or monthly.
The maximum tax ceiling is 14,000 euros – only for subjects other than natural persons.
Strategies for not paying
And here we come to the crux: there is a way link to avoid paying this tax?
Theoretically yes: you don’t have to have a penny. If you don’t have any money and you don’t deal with investments, the problem doesn’t exist for you.
If, however, you approach the world of investments, these are the rules.
Out there you will find many sites that invite you to sign up to trading platforms or similar things where you often don’t pay stamp duty: close and forget it in those cases because we are talking about completely different things.
What they are talking to you about is called trading and has nothing to do with investments: you are playing another sport which, here, I do not intend to delve into.
Conclusions
You pay stamp duty, the problem is not bypassing the 2 per thousand with various stratagems, but understanding how to best invest your money.
On this portal I talk about it far and wide, if this is your first time on Affari Miei you can start from these paths:
Good continuation.
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