German investment funds: advance lump sum, partial exemption
The German Investment Tax Act knows three kinds of income: distributions, advance lump sums and sale gains. The advance lump sum applies 70 percent of the base rate to the value at the start of the year, capped by the actual increase in value, and the custodian bank debits the tax on it from the account. The second module covers the partial exemption of 30 percent for equity funds, 15 for mixed funds, 60 and 80 for real-estate funds, and the sale, where earlier advance lump sums are deducted in full. Two modules, each with a worked case study.
Intermediate2 modules40 minModule 1 free to read
2026 rules — verified on September 23, 2026
Figures are tied to dated, sourced tax constants. A module whose rules have changed is flagged for review, and is unpublished automatically beyond 90 days.
By the end of this course, you can…
These outcomes are the modules' own: the promise cannot say anything the course does not teach.
- tell apart the three kinds of investment income under InvStG section 16
- derive the base yield from the redemption price and the base rate, and apply its cap
- reduce the advance lump sum in the year of purchase and fix the date on which it is received
- explain how the custodian bank collects tax on an income with no cash flow
- tell equity funds, mixed funds and real-estate funds apart by their statutory quotas
- apply the partial-exemption rate to distributions, advance lump sums and sale gains
- reduce the sale gain under section 19 InvStG by earlier advance lump sums
- explain the consequences of a change in the partial-exemption rate under section 22 InvStG
The programme, module by module
Each module has its own page. Durations are derived from the actual text, never announced by hand.
- Module 120 minFree — no accountThree kinds of fund income, and one of them is never paid outWhat you will be able to do
- tell apart the three kinds of investment income under InvStG section 16
- derive the base yield from the redemption price and the base rate, and apply its cap
- reduce the advance lump sum in the year of purchase and fix the date on which it is received
- explain how the custodian bank collects tax on an income with no cash flow
- Module 219 minIncluded in the full coursePartial exemption and sale: what stays tax-free and what is creditedWhat you will be able to do
- tell equity funds, mixed funds and real-estate funds apart by their statutory quotas
- apply the partial-exemption rate to distributions, advance lump sums and sale gains
- reduce the sale gain under section 19 InvStG by earlier advance lump sums
- explain the consequences of a change in the partial-exemption rate under section 22 InvStG
What you take away
A handout you keep, not just a page you read. The sections are derived from the course itself: what is announced here is exactly what gets generated.
Participant handout (PDF)
PDF
- Learning objectives (2)
- Key figures (3)
- Mistakes to avoid (2)
- Official sources (2)
Exercise workbook (Word)
Word
- Learning objectives (2)
- Key figures (3)
- Mistakes to avoid (2)
- Official sources (2)
Answers live in a separate appendix: the participant handout and the workbook stay distributable before the exercise.
Or unlock everything with the pack at €29.00/month incl. VATCalculator reports, form documents and full courses, cancel any time.
Already purchased? Download your handouts
Where this course leads
A course that leads neither to a calculator nor to a form cannot be published: this block is the visible counterpart of that rule.
Run the numbers
The linked calculators apply this course's rules to your own figures — for free.
File it
Step-by-step guides to the official forms cited in this course.
Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.