Would there be significant advantages (taxes or otherwise) to change from DKB broker to IB or to do new investments with IB?
If relevant, I’m holding stocks and stock ETFs, planning to invest in ETFs.
Thanks in advance!
Why ask any question about banks or taxes at all on an internet forum when all the information you’d ever need can be found in the banks terms and conditions and everything about taxes can be found in international, federal and cantonal law?
I think people are usually hoping that some other person knows more about the subject and would be willing to share.
And sometimes they are not sure if a subject warrants further research at all.
Both is true for me in this case.
(Maybe the title was too broad and incited “do your own fucking research” answers. I clarified.)
I have stocks & ETF’s at IB, but no (relevant) experience with DKB.
There’s no tax implications between IB and the usual Swiss brokers IMO, so I doubt there’ll be between IB and DKB.
One positive point re IB and taxes, is that I’ve used the IB annual report a few years now for the tax declaration (just one line including stocks, dividends & wht and attaching the Annual Report), whereas almost all Swiss brokers will charge CHF 100 - 250 for such a “tax” report.
Thank you @rolandinho
… yes DKB luckily generates such documents automatically at the end of the year (yet to see if they are ok for the Swiss tax office but one holds ALL the information about stocks held and their value at the end of the year and another document with the details of all dividends and interests payed as well as Quellensteuern withheld).
For me, I’d add access to more exchanges like HK, tools and market data (desktop app, charts, fundamentals and research info), far better UI, recurring investments and sub-accounts. (Transfer)Wise integration. Security wise, be it DDoS or breach, I trust IB far more than DKB - and I’m a customer of both. In a market meltdown situation, I trust IB to be more resilient than most other brokers, we have seen 2020 Covid crazyness when IB remained, if I recall correctly, full operational.