Capital gains tax is tax on profit when you sell an asset for more than you paid. It often applies to stocks, crypto, property, and other investments, not to everyday salary, which is usually covered by income tax instead.

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What counts as a capital gain\n

A gain is generally the difference between your sale proceeds and your cost basis (what you paid, plus allowable costs in many systems). If you sell at a loss, you may have a capital loss that can offset gains in the same year or carry forward, depending on local rules.

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Trading frequently, swapping one crypto for another, or receiving certain rewards can all trigger reporting obligations. See Crypto Tax for digital assets and investments for how bunq helps you buy and sell stocks from your bank account.

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Capital gains vs savings interest\n

Tax on savings interest applies to interest from Savings Accounts. Capital gains tax applies when you dispose of investments or other assets at a profit. Rates, allowances, and holding periods differ by country.

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Preparing for capital gains tax\n

Keep records of purchase dates, amounts, fees, and sales. Review rules before tax season. Consider whether a tax-free allowance applies to investment gains where you live. Get professional advice if you trade often or hold assets in multiple countries.