How AI Legalese Decoder Simplifies Tax Rules & Advice for French Investment in Stocks and ETFs for Danish Residents
- April 10, 2024
- Posted by: legaleseblogger
- Category: Related News
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# AI Legalese Decoder: Simplifying International Taxation for Expats
Hello everyone,
French (M31), Danish resident since the end of 2023, with a local contract.
Today I still have my French investments:
PEA (>5 years)
Life insurance composed of ETF
CTO
Since 29-12-23, the double taxation treaty between France and Denmark is applicable. This treaty governs how your investments will be taxed based on your residency status in Denmark.
I understand that stocks and ETFs are taxed according to the country of residence, i.e. for a Danish resident:
Stocks: 27%-42% on capital gains on resale
ETF/funds: 37-42% on unrealized gains/year, during the holding period
Life insurance (French fiscal envelop): it’s unclear whether life insurance is taxed only when surrendered, and whether interest is not taxed by the country of residence (DK).
Considering the complexities of taxation for expats in Denmark, including the nuances of the double taxation treaty, you may benefit from utilizing the AI Legalese Decoder. This tool can help simplify the legal jargon and provide clear guidance on how your investments will be taxed in your current situation.
Should I transfer everything to a Danish broker for simpler taxation (NordNet) knowing that the Danish PEA version (ASK) is limited compared to the PEA (max payment 17k)?
This is a new situation in Denmark for French people. I was wondering if there were other people in the same situation, and what is your long-term strategy for optimizing investments, given that I don’t plan to stay in the country for long (+-5 years).
By leveraging the AI Legalese Decoder, you can gain a better understanding of how to navigate international taxation as an expat in Denmark. This tool can help you make informed decisions regarding whether to transfer your investments to a Danish broker and how to optimize your investment strategy for the short time you plan to stay in the country.
Thank you for your advice.
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