More precise (tax) calculations

[bats77]

Hello, I had some suggests to enhance Ghostfolio, already pretty good :

• total value shall be a field, that will calculate "unit price", otherwise account will be rarely exact ;
• quantity for dividends shall be calculated and prefilled with all (buy and sells) operations before the date ;

It's lacking also for fine tuning about taxes operations :

• "capital redemption" looks like a dividend, but not taxed as a revenue, because it'is a selling operation only about nominal value - without reducing the quantity of stocks ; so it's a subdivision of "sell" that doesn't affect quantity, just lowering the (bought, historical) value and increasing the future goodwill.
• dividends are published officially, but they often support a pretaxation (usually fixed in percentages) with a tax reclaim (also in percentages) that can be calculated immediately for further reclaim. It's like a second column of fees.

Nice job by the way, pursue 👍

[pedrommvv]

Dividend pretaxation or witholding tax are the same thing right?

Would the community agree to add a withholding tax field for dividends?
Usually brokers or banks do this automatically, retain a percentage for tax purposes.

The fee field doesn't fit this requirement.

Awesome project 👏

[bats77]

Yes pretaxation or withholding taxe are the same concept.

Fee is for brokers, you could have others fees, as stamp fee (fixed tax) by example on the London Stock Exchange on some sell/buy/merge operations.
Withholding tax, is only on received dividends, calculated in percentages (mainly 10-30% of brutto amount). For example, your bank or broker gives to you an amount in netto (100), so reports (for tax purposes) or yield's performance aren't reliable if based on this, because brutto / real dividend is 130, minus 30 of withholding tax.
If you want to know yield of your stock, you shall calculate it on the real dividend (130 here) as whTax varies about your property (private or business) and your residency towards residency of your equity.

[pedrommvv]

This withholding tax feature would be very useful, on dividends, but also interest (from bonds).

[Karmac]

This would be a really useful feature for me too. Even if there's no calculations made until future updates, it would be helpful to have a tax input field as soon as posible so we can record the information there. I'm currently using notes for that.

Thanks!

[SamiJii]

I agree with the previous comments about usefulness of having an option to add a "withholding tax" (currency as unit) or a "withholding tax rate" (percentage as unit) in the dividend activity. Withholding tax added by user would be then automatically deducted from the total amount of dividend. By default the withholding tax value should be 0 (no tax deducted).

Here is a quick proposal how it could look like:

P.S. Many thanks to all contributors for an awesome project!