Conditions for deduction of loss on shares and investment certificates

Date of purchase time etc.

Deadline for declaring information to the Tax Agency

Shares

Shares purchased from and including 1 July 2012 for which you declare information to the Tax Agency yourself

1 July in the year after you purchased the shares.

Your bank can subsequently correct and add information to declarations regardless of whether the deadline (1 July in the year after the purchase year) has been met. In such case, you will retain your right of deduction of any loss.

Shares purchased before 1 July 2012

The declaration deadline for the purchase year.

Shares purchased before 1 January 2010

The declaration deadline for purchases has been met if the shares are included in the portfolio information that your bank has reported to the Tax Agency as at 31 December 2009.

If your bank does not report the purchase, for example because the shares are held in a foreign custody account, you were obliged to declare the purchase to the Tax Agency before expiry of the declaration deadline for 2010.

Shares distributed from the estate of a deceased person

1 July of the year following distribution. However, the deadline is extended to the same date as the submission of the estate inventory if it has been submitted after 1 July.

Investment certificates in share-based investment undertakings with minimum taxation

Investment certificates in share-based investment undertakings with minimum taxation

Same deadlines as for shares.

Investment certificates in bond-based investment undertakings with minimum taxation

Investment certificates in bond-based investment undertakings with minimum taxation purchased before 1 June 2014

Loss incurred before 1 June 2014:

There is no declaration requirement for purchases.

Loss incurred on or after 1 June 2014:

The declaration deadline for purchases has been met if investment certificates in bond-based investment undertakings with minimum taxation are included in the portfolio information that your bank has reported to the Tax Agency as at 31 December 2014.

If you have investment certificates in bond-based investment undertakings with minimum taxation and these are not reported, you must declare the purchase to the Tax Agency before expiry of the declaration deadline for 2015.

Investment certificates in bond-based investment undertakings with minimum taxation purchased on or after 1 June 2014

If the bank has not reported the information for you, you must declare the purchase to the Tax Agency no later than on 1 July in the year after you purchased investments certificates in bond-based investment undertakings with minimum taxation.

Your bank can subsequently correct and add information to declarations regardless of whether the deadline (1 July in the year after the purchase year) has been met. In such case, you will retain your right of deduction of any loss.

Investment certificates in bond-based investment undertakings with minimum taxation distributed from the estate of a deceased person

Loss incurred before 1 June 2014:

There is no declaration requirement for the acquisition.

Loss incurred on or after 1 June 2014:

1 July of the year following distribution. However, the deadline is extended to the same date as the submission of the estate inventory if it has been submitted after 1 July.

Loss incurred on or after 1 June 2014, and where the acquisition took place before 1 June 2014:

The declaration deadline for investment certificates in bond-based investment undertakings with minimum taxation acquired before 1 June 2014 has been met if they are included in the portfolio information that your bank has reported to the Tax Agency as at 31 December 2014.

If you have investment certificates in bond-based investment undertakings with minimum taxation and these are not reported, you must declare the acquisition to the Tax Agency before expiry of the declaration deadline for 2015.

Shares and investment certificates in investment companies

Shares and investment certificates in investment companies purchased before 1 June 2014

Loss incurred before 1 January 2015:

There is no declaration requirement for purchases.

Loss incurred on or after 1 January 2015:

The declaration deadline for purchases has been met if the shares and investment certificates in the investment company are included in the portfolio information that your bank has reported to the Tax Agency as at 31 December 2014.

If you have shares and investment certificates in an investment company and these are not reported, you must declare the purchase to the Tax Agency before expiry of the declaration deadline for 2015.

Shares and investment certificates in investment companies purchased on or after 1 June 2014

Loss incurred before 1 January 2015:

There is no declaration requirement for purchases.

Loss incurred on or after 1 January 2015:

If the bank has not reported the information for you, you must declare the purchase to the Tax Agency no later than on 1 July in the year after you purchased shares and investment certificates in the investment company.

Your bank can subsequently correct and add information to declarations regardless of whether the deadline (1 July in the year after the purchase year) has been met. In such case, you will retain your right of deduction of any loss.

Shares and investment certificates in investment companies distributed from the estate of a deceased person

Loss incurred before 1 January 2015:

There is no declaration requirement for the acquisition.

Loss incurred on or after 1 January 2015:

1 July of the year following distribution. However, the deadline is extended to the same date as the submission of the estate inventory if it has been submitted after 1 July. 

Loss incurred on or after 1 January 2015, and where the acquisition took place before 1 June 2014:

The declaration deadline has been met for shares and investment certificates in the investment company acquired before 1 June 2014 if they are included in the portfolio information that your bank has reported to the Tax Agency as at 31 December 2014.

If you have shares and investment certificates in an investment company and these are not reported, you must declare the acquisition to the Tax Agency before expiry of the declaration deadline for 2015.