Managed Futures

[Tony1337]

I just found the old topic where there was some discussion on taxation of short term capital gains taxation:

ETF Short term capital gains taxation in ICTAX

Hi, given ETF Simplify Managed Futures Strategy ETF ICTax - Income & Capital Taxes If we look at ICTax calculation we see: [image] ordinary income taxed (OK), long term capital gains marked as Kapitalgewinn and not taxed (nice), but short term capital gains taxed as ordinary income. Do you know if this is correct? Is the distinction between short and long term cap gains specified in tax law, or maybe it’s just incorrect data in ICTax? Cheers

@Whimple2 asked the tax office?

ETF Short term capital gains taxation in ICTAX

So I asked the source itself and got this response: Die Publikation ist korrekt. Short Term Capital Gains sind steuerpflichtig, nur Long Term Capital Gains gelten als Kapitalgewinn. Q Ausschüttung mit Quellensteuerabzug (steuerpflichtig) Z kurzfristiger Kapitalgewinn ohne Quellensteuerabzug (steuerpflichtig) KG langfristiger Kapitalgewinn (steuerfrei) I still can’t find any actual distinction in those circulars etc but I guess it might be just a “taxation conventio…

I’m not convinced yet and would like some official confirmation of anything that defines short-term capital gains as legally taxable.

E: From the refrenced Kreisschreiben No 15 I can only find this Passage:

Kapitalgewinne aus Termingeschäften (Futures und Optionen) sind im Privatvermögen steuerfrei (Art. 16 Abs. 3 DBG), sofern sie nicht durch das Gesetz ausdrücklich erfasst werden.

Dunno what the last part means

Kreisschreiben are found here: Kreisschreiben zur Direkte Bundessteuer | ESTV
No 15: https://www.estv.admin.ch/dam/estv/de/dokumente/dbst/kreisschreiben/dbst-ks-2007-1-015-dvs-de.pdf.download.pdf/dbst-ks-2007-1-015-dvs-de.pdf