I'm considering purchasing BTCW (GB00BJYDH287) via Scalable Capital. It's a physically-backed ETP with a redemption option in its prospectus, but Scalable doesn't offer redemption.
Does this still qualify as a private disposal under German § 23 EStG, making gains tax-free after 12 months? Scalable says they can't confirm—the issuer determines the tax treatment.
Has anyone here sold BTCW through Scalable after 1+ year and had the tax exemption applied?
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