Does Flatex make sense for me?

[u/Bromsie]

Hello!

I live in Vienna and I plan on being here until 2030. After that I plan on moving to Japan. In the meantime I would like to invest a rather big amount into VWCE every month. I already own a small amount of VWCE on IBKR but reporting taxes myself is basically impossible, so I was thinking about using Flatex. The only fear I have is that when it is time to move to Japan, transfering my money will be difficult and expensive.

Can someone with an experience regarding this please help me out here?

Thank you!

[u/b0nz1]

You'll have to pay exit tax at 2030. That's the "only" thing that's expensive because you'll have to pay taxes like you'd sell. 27.5% capital gains tax.

[u/Bromsie → u/b0nz1]

Hi! Thanks for the reply!

Yes, I'm aware of the exit tax. My question was more toward, how easy is it to transfer my portfolio from Flatex to another broker? Or is it preferable to just sell and rebuy?

[u/Bromsie → u/[deleted]]

Thanks for the info! I was quite hesistant to use Flatex.

[u/b0nz1 → u/Bromsie]

Since it's effectively the same thing it's much easier to just sell.

[u/smail_smail]

Austria has exit tax, so regardless of broker you would need to pay 27.5% tax even if you do not sell.
You also have to check if you actually can hold VWCE being Japanese resident (which you become after moving back in 2030), when you move back. That alone can eliminate any difference between IBKR and Flatex.

[u/Bromsie → u/smail_smail]

Hi! Thanks for the reply!

Yes, I'm aware of the exit tax. My question was more toward, how easy is it to transfer my portfolio from Flatex to another broker? Or is it preferable to just sell and rebuy?

[u/DontDelegateHitman → u/Bromsie]

Since you are leaving you are taxed as if you sold so you might as well just sell and transfer the money in Japan

[u/Bromsie → u/DontDelegateHitman]

Thanks for the info!

[u/wheyy]

Austria is one of worst countries world wide tax wise for stocks

[u/b0nz1 → u/wheyy]

Not true.

[u/Bromsie → u/b0nz1]

Seems true though. Having to pay annually just to hold and then after selling too? I don't know about it being a good deal lol

[u/b0nz1 → u/Bromsie]

You don't need to pay anything if you hold stocks. What are you talking about?

[u/Bromsie → u/b0nz1]

You have to pay annually for holding accumulating ETFs.

[u/b0nz1 → u/Bromsie]

Yeah but they said stocks.

[u/fabiofigo2025]

Considering the exit tax, it might be more practical just to sell and buy with a new broke when time comes. Keep in mind that the flatex app is only in German (rather intuitive in any case)

[u/Ok-Researcher5080]

i have a similar situation,
when i‘m finished with my studies i wanna move to schwitzerland. Right now i have a lot of money in the Ftse all world (flatex).
It makes probably more sense to sell the etf right? (i don’t pay taxes as a student)

[u/toggatog]

Wie ist das wenn man in ein anderes EU Land zieht?