Abgeltungsteuer: Wie Beteiligungen besteuert werden

Zu den Beteiligungen gehören Aktien, GmbH-Anteile, Genossenschaftsanteile sowie Genussscheine als Dividendenpapier. Bei Beteiligungen im Privatvermögen fallen das bisherige Halbeinkünfteverfahren für Dividenden und Veräußerungsgewinne sowie die Steuerfreiheit nach Ablauf der Spekulationsfrist weg, sodass nun laufende Erträge und Veräußerungsgewinne unterschiedslos der Abgeltungsteuer unterliegen.

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1. Dividenden

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2. Veräußerungsgewinne und -verluste

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3. Aufwendungen im Zusammenhang mit Dividenden

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4. Staffelkäufe von Aktien

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5. Verrechnung von Altverlusten

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6. Wesentliche Beteiligungen ab 1 % des Grundkapitals

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a) Veräußerung der Beteiligung

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b) Option zum Teileinkünfteverfahren auch für laufende Ausschüttungen

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c) Schuldzinsen nach Veräußerung als nachträgliche Werbungskosten

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d) Voller Werbungskostenabzug auch bei ertragloser Beteiligung

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e) Veräußerung von Anteilen an Kapitalgesellschaften mit Zuflussbesteuerung

Xxx xxx Xxxxxxxxxxxxx xxx Xxxxxxxx xx Xxxxxxxxxxxxxxxxxxxxx x.X. xxx xx xx XXxX xxx xxx x.x.xxxx xxxxx xxxxxxxxxxxxxx Xxxxxxxxxx, xxx xxxxx xxx Xxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx xxx, xxxxxxxxxx xxx xx xxxxxxxxxxxx Xxxxxx xxxx xx xxx Xxxxxx xx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx. Xxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx xxx XXXxXxxxxxxxx xxx x.x.xxxx xXXxXx. xxxx X X. xxxxx.

Xxx xxx Xxxxxxxxxxx, xx xxxx xxxxx Xxxxxxxxxxxxxxxxxxxx x.X. xxx xx xx XXxX xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxx, xxx xxxxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxx xxxxx xxx xxx Xxxxxxxxx xxx Xxxxxxxxx xxx xxxxxxxxxxxxxxx Xxxxxxxxxx xxxxxxxxxxx xXXX Xxxxxxxx xxx xx.x.xxxx, X xxxx x xx x XxX xxxx.

7. Unternehmerische Beteiligung im Privatvermögen

Xxx Xxxxxx xxx Xxxxxxxxxxxxx xxxxxxx xxxxx xxxxx xxx xxxxxx Xxxxxxxxxxxxx, xxxxxxx xxxxxxx xxx xxxxx xxxxxxxxxxxxxxxxx Xxxxxxxxx, xxxxxxxxxxxx xxx Xxxxxx xxx XxxXxXxxxxxxx. Xxxxxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxx xxxx xxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xx Xxxxxx xxx "xxxxxxxxxx xxx xxx" xxxx xxx Xxxxxx xxxxx Xxxxxxx xx xxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx. Xxxxxxx xxxxxx xxx Xxxxxxxxxxxxx xx xxxxx Xxxxx xxxxxxx Xxxxxx xxxxxxxxxxxxxxx, xxxxxx xxxxxx xxxx Xxxxxxxxxxxx xx xxxxxx xxxx. Xx xxxx xxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx xx x, xxx xxx Xxxxxxxxxxxx xxxxxxx xxxxx xxxx xxx Xxxxxxxxxxxxxx xxxxxxxxx xxxxxx.

Xxxx xxxx xxxxxx Xxxxxxxxxxxxx xx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxx XxxX, xxxx XX xxx Xxxxxxxxxxxxxxx xx Xxxxxxxxxxxxxxx xxxx xx xxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxx, xxxxx xxxxx Xxxxx Xxxxxxxxxxxx xxxxxxxxxx xxxxxxxx xx xxxxxxx xxx xxx Xxx. x Xx. x XXxXx. Xxxxx Xxxxxx xxxxx Xxx, xxxx Xxx

xx xxxxxxxxxx xx x xx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxx xxxx xxxx
xx xxxxxxxxxx x x xx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxx xxx xxxxxxxxx xxxx xxxxx xxxxxx xxxx.

Xxx xxx xxx Xxxxxxxxxxxxxxxxxx xxx xxx Xxx. x Xx. x XXxXx

Xxx xxxxxxx xxxxxxxxxx, xxxx xxx Xxxxxxxxxxxxxxxxxxxxx x xxx xxx xxxxx Xxxxxxxxxxx xx Xxxxxxxxxxxxxxxxx x xx xxx Xxxxxxxxxxxxxxxxx xxxxxxxxxx xxx xxx xxx xxxxxxxxxxxxx Xxxxxxxxxx xxx "Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxx" xxxxxxxxx xxxxxx.

x Xx xxxxxx Xxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx, xxx xxxxxxxxx xxx xxxx xxx xxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxxxxxxx xxxx, xxxxxxxxxxxxx xxxxxx xxxx xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxx xxx x Xx. xx Xxxx x XXxX xxxx xxxxx!x.

x Xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxx xxx xx x xxxxxxx.

x Xxxxxxxxxxxxxxxx xxxx xxxxxxx xxx Xxxxxxxxxxxx xxx xxxxxx Xxxxxxxxxxxx xx xx x xxx Xxxxxxxxxxxxxx xxxxxxxxx xxxxxx xXxxxxxxxxxxxxxxxxx xxxxxxx xx xx Xxx. x XXxX xxxx xxxxx!x.

x Xxx xxxxxxxxxxxxx Xxxxxxx xxxx xxx xxxxxxxxx Xxxxxxxxxxx xxxxxxx Xxxxxxxxxxxxxx xxxxxxxxxx xxxxxx xxx xx Xxx. x XXxX xxxx xxxxx!x.

x Xxx Xxxxxxxxxxxxx xxx Xxxxxxxxxxx xxxx x xx xxxxx Xxxxxxxxxxxxxxxxx xxx x x x xxx Xxxxxxxxxxxxxxxxxxxx xxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xx xx x xxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxx xx xx x xxxxxxxxx x xxx xxxx xxxx xxx xxx "Xxxxxxxxxxx xxx Xxxxxxxxxxxxxx" xxx xx XXxX x.X.x. xx x Xx. xx XXxXx.

XXXXXXX: Xxx Xxxxxxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxxxxxxxx xx,x x xxx x Xxxxxxxxxx x xx x Xxxxxxxxxxxxxxxxxx xxxx. Xxxx xxx xxx. Xxxxxxxxxxxxx. Xxxxx xxx xxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxx xxxx xxxxxxxxx xxx xxx Xxxxxxxxxxxxxxx, xxx xxxx xxx xxxxxxxx Xxxxxxx, xxxx xxxxx xxx Xxxxxxxxxxxxxxxxxxx xxx xxxxxx Xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxx xxxxxx. Xxx xxxxxxxxxxx xxxxxxxxxxxxx Xxxxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxx xxxxxxxxxx.

Xxx Xxxxxxx xxx xxxxxxxxxxx Xxxxxxxxxx xxxxxxx xxxxxx xxxxxxxxxxxxxx xxx xxxx xxxxx xxxxxxxxxxxxxx xxxxxxxxxx Xxxxxxxxxxxx. Xx xx xxxx xx xxxx xxxxxxxxxxx, xxxxxxxxxxxxxx xxxx xx xxxx xxxxxx xxxxxxxxxxxxxxx Xxxxxxxxxx xxxxxxx, xxxxxx xxxxx Xxxxx. Xxxx xxxx xxxx XxxxxxxxXxxxxx xxxx xXxxxxxx xxxxxxxx. Xxx Xxxxxxxxxx xxxx xxxxxx xxxxx xxx xxx xxxxxxxxxxxxxxx Xxxxxxxxx xxxx. Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxx xxx xx x xxxxxxx xx, xxxx xxxxx xx xxxxxxxxxxx Xxxxxxxxx xx xxx Xxxx, xxxx xxx xxx Xxxxxx xxxxxxxx xxxxxxxx xxxx, xxxxxxxx. Xxx Xxxxxx xxxxxxxxx xxxxxx, xxxx xxx Xxxxxxxxxxxxxxxxx xx xxxxx xxxxxxxxxxxxx Xxxx xxxxx xxxx xxxxxxxx xxxx. Xxxxx xxxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxx xxxxx xxxxxxxxxxx xxxx xxx Xxxxxxxxxxx xxx xxx xxxx xxxxxxxxx Xxxxx, xxxxxxx xxx xxx xxx Xxxxxxx xxx xxxxxxxxxxx Xxxxxxxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxxxx.x

Xxxxxx Xxxxxxxxxxxx xxxxxx xxx Xxxxxxxxxxxxxx xxx xxxx xxxxxxxxx, xxxx xxxxxxx Xxxxxxxxxx xx xxx XxxX "xxxxxxxxxxxxx Xxxxxxxx xxx xxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxxxxx xxxx." Xxxxxxxxxxxx xxx xxxxxx Xxxxxxxxxxx xx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxx xXXxXxxxxxxxxx xxxxxxx, X. xxx.

Xxx Xxxxxxxxxx Xxxxxxxxxxxxx xxx xxxxxxxxxxx, xxxx xxx xxxxxxxxxxx Xxxxxxxx xxxxxxxxx Xxxxxxxxxxxxx xx xxx xxxxxxxxxx Xxxxxxxxxx xxxxxx. Xxx xxxxxxx xxxxx xx xxxxx xxxxxx xx, xxxx xxx xxxx xxx Xxxxxxxxxx xx xxxxx XxxX xxxxxxxxxxxxx Xxxxxxxx xxx xxxxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxxxxx xxxx. Xxxxx xxx xxxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxx xxxxxxxxxxx, xx xxx xxxxx XxxXxXxxxxxxxxxx xxx x x xxx Xxxxxxxxxxxxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxx xx x xxxxxxxxxxx xx xxxxxxxxxx xxx xx x xxx Xxxxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxxxxxxxx xXxxxxxxxxx XX xxx xx.xx.xxxx, x X xxxxxx, Xxxxxxxx XXXX X xxxxx.

Xxx x.x. Xxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx xxxx xxxxxxxxxxxx Xxxxxxxxxx xXxxxxxxxxxx xxxxxxxxxx x xx xxx xxxx xxxxxxxxxxx Xxxxxxxxxx xxxxxxxxxxx Xxxxxxxxxxx. Xx Xxxxxx xxxxx Xxxxxxxxxxxxxxxxx xxxxx x xx xxx Xxxxxxx x xxxxxxxxx xxx Xxxxxx xxxxxxxxxxxxx, xx xxxxx xxx xxxxxxxxxxx Xxxxxxxxxx xx xxxxxxxxxxxxxxxx xxx, x. X. xxx xxxxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxx xxxx Xxxxxxxx.

Xx xx xxx Xxxxxx xxxxxx Xxxxxxxxxxxxxxxx xx xxxxxx, xxxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx xxxxxx. Xx xxxx xxxxxxxxxxxxxx xxxx xxxxx Xxxxx xxx xxxx xxxxxx xxxxxx xxxxxxxx xxxxxx. Xxx Xxxxxx xxxx xxxxxxxxx xxxxxxxxxx xxxxxx, xxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxxx xxxxxx xxx Xxxxxxxxxxxxxxx xxxxxxxxxxx xxx Xxxxxxxxxxxx xxxxx xxxx xxxxxxxxx xxxx. Xxx Xxxxxx xxxx xxxxxxxxxxx xxxxxxxx xxxxxx. Xxxx xxx xxxxx xxxxxx xxxx "xxxxxxxxxxx"x

Xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx, x.x. xxx Xxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx, xxx xxxxxxxxxxx xxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxx xxxx xxx xxxxxxxxx Xxxx xx xxxxxxx. Xx xxxxx xxxx xxx xxx Xxxxxxxxx xx, xx xxx xxx Xxxxxxxxxxxxxxxx xxxxxxxxx xxxx. Xxxxx Xxxxx xxx xxxxx xxxxxxxxxxxxx, xxxx Xxxxxxxxxxxxxx xxxxxx xxxxx xxxx xxxxxxxx. Xx xxxx xxxxxxxxxxxxxx xxxx xxxxx Xxxxx xxx xxxx xxxxxx xxxxxx xxxxxxxx xxxxxx xXXXxXxxxxx xxx xx.x.xxxx, XXXX X xxxxxx.

XXXXXXX xxx xxx Xxxxxxxxxxxxxxx xxxx xxxxxxxxxx Xxxxxxx xxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxxx xxxxxxxxxxxx Xxxxxx xxxxxxxx: Xxx Xxxxxxxxxxxx x xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxx x xxxx xxxx xxxx, xxxx xxxx xx Xxxxxx xxxxx xxxxxxxxx Xxxxxxxxxxxxxx xxxxxxxxxxxx xxxx, xxxx xxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx, xxx xxxxxxxxxxx xxx Xxxxxxxxxxxxx xx xxxxxxxxxx xxx. Xx xxxxxx Xxxx xxxxxx xxx xxx Xxxxxxxxxxxxxxx, xxx xx xxxx xxxxx xxx xxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxx xxxxxx. Xxx xxx Xxxxxxxxxxxxxxxx xxxxxx xxxxxxxxxxxxx Xxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxxx, xxxxxxx xxxx xxxxx xxxx xxx Xxxxxxxxxxxx xxxxx Xxxxxxxxxxxxxxxx xxxxxxx xx xxx XX xXXXxXxxxxx xxx xx.x.xxxx, XXXX X xxxxxx.

Xxx Xxxx: Xxx Xxxxxxx xxx Xxxxxxxxxxxxxxxxxxxx xxx XxXxxX xxx Xxxxxxxxxxxxxxxxx xxx XxXxxX, xxxxx xxx xxxxxx Xxxxxxxxxxxxxxxxxxx xxx XxXxxX. Xx xxxxx xx xxxx xxx xxxx xxx xxx XxXxxX Xxxxxxxx xxx Xxxxxxxxxxxxxxxxx xxxxx Xxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx. Xxxxx xxxxxxxxx xx xxx xxxxxx Xxxxxxxxxxx xxx xxxxxxxxxxxxxxxx xxx. xxxxxxxxxxxxxxxxxxxxx Xxxxxx. Xxxxxxxxxx xxx xxxxxx Xxxxxxxxxxx xx xxx XxXxxX xxxxxxxxx xx xxxxx. Xxx Xxxxxxx xxxxxxx xxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxxxx, xxxxxxxxxxxxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxx xxx. xx xxx Xxx. x Xx. x XXxX.xxxxxxXxxxxxxx xxxxx xx xxx xxx Xxxxxx xxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxx Xxxxxx xxxxxxx, xx xx xxx Xxxxxxxxxxx xxx xxxxxxxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxxxxxx Xxxxxx xxxxxxx. Xxxx xxxxxxx xxx Xxxxxxxxx xx Xxxxxx xxxxx Xxxxxxxxxxxxxx xxxxx Xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxx, xxx Xxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxx xxx Xxxxxxxx xxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxx, xxxxxxx xxx Xxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxx. Xx xxx xxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxxxx xx xxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx. Xx xxxxxxxxx xxxxx xxxx Xxxxxxxxxxxxxxxxxx xxxx xxx xxxxxxxxxxx Xxxxxxxxxxxxxxx, xxxxxxx xxxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxx xx.
Xxxx Xxxxxxxxxx xxx XXX xxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxx Xxxxxxxxx. Xxxxxx xxx xxx Xxxxxxx xxxxxxxxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxx xxxxx xx xxx xxxxxxxxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxx xxx xxx XxXxxX. Xxx xxxx xxxx xxxxxx xxxxxxxxx Xxxxxxxxxxxx xxxxxxxxxxxxxx Xxxxxx xxx. xx xxx Xxx. x Xx. x XXxX xxxx xxx Xxxxxxx xxxx xxxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxxxx xxx xxxxx xxxxx xxxxxxxxxxxx xxxxxxxx. Xxx xx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx xxxxx xxx xxxxxxxxxxxxx xxxxxxxxxxx Xxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxx xxxxxx. Xxx Xxxxxxxxxxxxxxxx xxxxxx xxxx Xxxxxxxxxxxx xxxx xxxxxxxxxxx xxxxxxxx. Xxxxxxxxx xx xxx xxxxx xxxxxxx xxxxxxxxxxxxx Xxxxxx, xxxxx xx xxx Xxxxxx xxxxx xxxxxxxxxxxxxx Xxxxxxxxxxx xxx Xxxxxxxxxxx xx Xxxxxx xxxxxx Xxxxxxxxxxxxxxxx.

XXXXXXXXX:xxxxxxXxxXxXxxxxxxxxxxxxx xxx xxxx Xxxxxxx xxxxxxx xx Xxxxxxxxxxxx xxx Xxxxxxxxxxxxx xxxxx xxx "Xxxxxxxxx xxxxxxxx." Xxxxxx: Xxxxxxxxxx Xxxxxxxxxxxxx xxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxx xxxxxx, xx xxxx xxxxxxxxxxx xxxxxxxxxxx xx xxxxxxx, xx xxx Xxxxxx xxxx xx xxx Xxx. x Xx. x XXxX xxxxxxxx xxx. XXXX: Xxx XXX xxxxx xxxxxx xxx, xxxx xxxx xxx xxxxxxxxxxxxx xxxx. xxxxxxxxxxxx Xxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxxxx xxx. Xxx xxxxxx, xxx Xxxxxx xxxx xxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxxxxxx xxx. xxxxxxxxxx xxxx xxx Xxxx xxxxxxxx, xxxx xxx Xxxxxxxxx xxx xxxxxxxx Xxxxxxxxxxxxxxxx xxx xxxxxxx xxxxxxxxxx xxxxxxx xxx xxx Xxxxxxxxxxxxxxxx xxxxx xxxxxxxxxx xxxxx. Xxxxxxxxx xxxxxx xx xxxx xxxx xx, xxxxx xxxxxxx Xxxxxx xx xxxxxxxxxxxx Xxxxxxx xxxxx xx xxxxxxx. Xx Xxxxxxxxxxxxxxxxxx xx xxxxxxxxx: Xxx xxxxxxxxxxxx Xxxxxx xxx Xxxxxxxxxxxxxxxx xxxx xxxxx xxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxxxxx xxxxxx. Xxxx xxxx xxxx xx xxxx xxxxx, xx Xxxxxxxxxxxxxxx xxxxxx xxx xxx xxxxxxxxxxxxx Xxxxxxxxxx xxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxxx xxxxxxxxx xxxxxx. Xxxxxx Xxxxxx xxx xxxx xxxxxxx xxx xxx Xxxxxx xxxx xx xxx Xxx. x Xx. x XXxX xx xxxxxxxxxxxxx x xx xxx XXX. Xxx xxxxxxx Xxxxxxx: Xxx xx xxx Xxxxxxxx xxxxx xxx Xx. x XxX xxxxxxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxx xxxxxx xxxxx xxx Xxxxxxxxxxxx xxxxxxxxxx xXxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxx xxx x.x.xxxxx.

8. Aktien und GmbH-Anteile im Betriebsvermögen

Xxxx Xxxxxxxxxxxxx xx Xxxxxxxxxxxxxxxxxxxxx xXxxxxx, XxxXxXxxxxxx, Xxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxx, xxx xx Xxxxxxxxxxxxxxxxx xxxxxxxx xxxxxx, xxxxxx xxxxxx Xxxxxx xxx xxxx Xxxxxxxxxxxxx: Xxxx Xxxxxxxxxxxxx, xxx xx xxxx xxxxxxxx xxxxxx, xxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxx xxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx.

Xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxx xx x xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxx xxx xx x xxxxxxx xxxxxxxxxx. Xxxxxxxxxxxxxxxx xxxx xxxx Xxxxxxxxxxxx xxx xx xx x xxx Xxxxxxxxxxxxxxxx xxxxxxxxx. Xxx Xxxxxxxx xxxxxxx xx xxx Xxxxxxxxxxxxxxxx xxxxxxxxx xxx xxx xxxxxxxxxxxxx Xxxxxxxxxx xxxxxxxxxx xxxxxx xxx x Xx. xx Xxxx x x.X.x. xx xx Xxx. x XXxXx.

Xxxxxxxx:
Xxx Xxxxxx xxxxxx xxxxxxx Xxxxxx xxxxxxxxxxxxxxx, xxxxxx Xxxxxxxxxxxx xx Xxxxx xxx xx.xxx XXX xx xxxxxx xxxx. Xxx Xxxxxxxxxxxxx xxxxxxxx xx.xxx XXX. Xxx Xxxxxxx xxx xxxxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxx xxx xx x.

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Xxxxxx xx x x Xxxxxxxxxxxxxxx xx x

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.x. x.xxx XXX

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Xxxxxx xxxx Xxxxxxx

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Xx xxxxxx Xxxxxxxxxx xxxxxxxxxx xxxxxxxx
xxxxxx	Xxx xx.xx.xxxx	Xx x.x.xxxx
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Xxxxxx xxx Xxxxxxx XXx x XxxXx x Xxxx	xxx,xx XXX .x. xx,xx XXX	xxx,xx XXX .x. xx,xx XXX
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Xxx Xxxxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxx xxxxxx xxxx xxxxxxxxx xx Xxxxxxxx xx xx x xxxxxxxxxx. Xxxxxxx xxxx xxx xx xxxxxx Xxxxx xxxxxxxxxx, xxxx x x xxx Xxxxxxxx xxxxxx xxx xxxxxxx xxxxx xxxxxxxxxx Xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx xxx xx Xxx. x XXxXx.

9. Ausländische Aktien im Depot in Deutschland

Xxx Xxxxxxxxxxxxxxx xxxxxxxxxxx xx xxxx xxxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxx xxxxxxxxxxxxxx Xxxxxx, xxx xx xxxxx Xxxxx xxx xxxxx Xxxx xx Xxxxxxxxxxx xxxxxxxx xxxxxx xxx xx Xxx. x Xx. x XXxXx. Xxx Xxxxxx xx Xxxxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxxx xxx xxxxxxxxxx Xxxxxxxxxxx xxxxxxxxxxx, xxxxxx xxxx Xxxxxxxxxxxxxxxx xxx xxxxxxxxx xxxxxxxxxx xxxxxxxxx.

Xxx xxxxxxxxxxxxxx Xxxxxxxxxx xxxx xxx xx Xxxxxxx xxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxx Xxxx xxxxx xxxx xxxxxxxxxxxx Xxxxxx xxx xxx xxxxxxxx Xxxxxxxxxxxxxxx xxxxxxxxxxx xxx xxx Xxx. x XXxXx. Xxxxxxxxxxxxxxx xxxx xxxxx xxx xxx xxxx XXX xxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxx xxx xx x. Xxxxx xxx Xxxxxxxxxxxxx xxxxxx xxxx xxxxxx, xxxx xxx Xxxxxxx xxx xxxxxxxxxxxxxxx Xxxxxx xx Xxxx xxxxx Xxxxxxxxxxxxxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxxxxx xxxxxx xxxxxx Xxx xxxxxxxxxxxxx Xxxxxxxxxxxxx xxxxxxxxxxx xxxxx.

10. REIT-Aktien

Xxxx xxx x.x.xxxx xxxx xxx XXXXxXxxxxx xxx Xxxxxxxxxxx xxxxxxxxx XxxxxxxxxxxXxxxxxxxxxxxxxxxxxxx.

Xxx xxxx xxxx xxx Xxxxxxxxxxxxxxxxxx XXXXxXxxxxx xxxx Xxxxxxx xx xxxxxx Xxxxx xxxxxxxxxxxxxxx xxx xxx xxx xxxxxxxxxxxxx Xxxxxxxxxx xx xxxxxxxxxx, xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxx xxxx xxxxx. Xxx xxx Xxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxxxx, xxxxxx xxxxx xxx xxxxx xxx Xxxxxx xxxxxxx xx Xxxxx xxx xx x, xxxxxxx xx Xxxxx xxx xx x xxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxx xxx. Xxxxxxxxxxxxx. Xxx Xxxxxxxxxxxxx xxx XXXXxXxxxxx xxxx Xxxxxx xxxxx Xxxxxxxxxx xxx xxxxx Xxxx xxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxx. Xxxxx xxx Xxxxxxxxxxx xx xxx XXXXxXX xxxxxxxxxx x x xxx Xxxxxxxxxxxxx xxxxxxxx, xxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx xxx xxxxx Xxxxxxxxxx xxxxx xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxxxxx xx xx XXxX xx xxxxxxxxxx.

Xx xxxx xxxxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx xx x. Xxx Xxxxxx xxx XXXXxXxxxxx xxxx xxx x.x.xxxx xxxxxx xxxx xxxxx Xxxxxxx xxx Xxxxxxxxxxxxx xxxxxxxxxxx xxx xxxxx Xxxxxxxxxx xxx "Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxx" xxxxxxx xxx xxxxxxxxx xxx xxx Xxxxxxxxxxxxxxx xxxxxxxx. Xxxxxx xxx XXXXxXxxxxx xxx xxxx xxxxxxxx, xxxx xxxx xxxx xxx Xxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxx, Xxxxxxxxxxxxxxxxxxxxx xxxx xxxx xxxx xxxxxxxxxx xx Xxxxxxx xxxxxxxxx xxxxxxxxxx.

Xxxxxxx Xxxxxxxxxxxxx: XXXX: Xxxxxxxxxxx xx Xxxx Xxxxxx Xxxxxxxxxx Xxxxxx

11. Berichtigungsaktien (Gratisaktien)

Xxxx Xxxxxxxxxxxxxxxxxx xxxx xxx Xxxxxxx xxxxxxxx, xxxxx Xxxxxxxxxx xx Xxxxxxxxxxxx xxxxxxxxxxx xxxxxx. Xxx xxxxx xxxxxxx Xxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxxx Xxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xx xxx Xxxxxxxxxx xxxxxxxxxx xxxxx xxx xx. XxxXx. Xxxxx Xxxxxx xxxxxx xxxxxxxxxxxx xxxxxxx xxxx xxx Xxxxxxxxxxxx xxxxxxxxxx. Xxx Xxxxxxxxx xxxxxxx Xxx xxxxxx xxxx xxxxxx xxxxxxxx, xxxxxxxx xxx Xxxxxx xxxx xxxxxxxxxxxx xxxxxx, xxxx xxxx xxxxx xxxxxxxxx: Xxxx xxx Xxxx xxx Xxxxxx xxxxxxxxx xxxx xxxx xxxxxxxxxxx. Xxxxx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxx xxxx xxx Xxxxxxxxxx xxx. Xxxxxxxxxxx xxx Xxxxxxxxxxxx xxxxx, xxxxxxx xxxx xxx xxx xxxx xxxxxxxxx Xxxx xxx Xxxxxx xxxxxxxx.

Xxx xxxxxxxxxxxxx Xxxxxx xxxxxx xxxxxxxxxxxx Xxxxx xxxxxxxxxx Xxxxxxxxxxx, xxxxxx xxx Xxxx Xxxxx Xxxxxxxxxxx xxxxxx xxxxxx. Xxxxx x. X. xxxx Xxxxxxxxxxx xxx xx xxxx xxxx Xxxxxx xxxxxxxxxx, xx xxxxx xxx xxxx Xxxxxx xxxxxxxx xx xxxx xxxxxxxxx Xxxxxxxx xxx xxxxx xxx xxxx xxxxx Xxxxxx. Xxx Xxxxxxxxx xxxxxxxx Xxx xxxxxxxx xxxxxx xxxx xxxx Xxxxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxx:

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Xxx Xxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxxx xx xxxxx Xxxxxxxxxx xxx xx xxx Xxxxxxxxx xxxxxxxxxxxxx Xxxxxxxx xxx xxxxxxxxxxxxxxx xx xxxxx Xxxxxxxxxx xxxxx Xxxxx xxx xxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxx.
Xxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxx xxxxxxxxxx xxxx xx xxx Xxxx, xxx xxxxx xxx Xxxxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxx. Xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxx xxxx xxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxx.
Xxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxx xxxxx Xxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxx xxxxx Xxxxxxxxxxx xxx xxxxxxxxx Xxxxxx. Xxx Xxxxxx xxx xxx Xxxxxxxxxxxxx xxx Xxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxx xxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxx xx xx Xxx. x XXxXx.

Xxxxxxxx:
Xxx Xxxxxxxx xxx xx xx. Xxxxxx xx Xxxxxx xxx XxXX xxx Xxxx xxx xxx XXX xxxxxxxxxxx. Xxx XxXX xxxxxxxxxxx xx xx. Xxxxx xxxx Xxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxx. Xxxx xx xxxx Xxxxxxxxx xxxx xx x. Xxxx xxxx xxxx Xxxxx xxxxxxxxxx. Xx xx. Xxxxx xxxxxxxx xxx Xxxx xxx XXX. Xxxxx xxx Xxxxxxxxxx xxxxx xxx Xxxx xxx Xxxxxxxxx xx x. Xxx xxx xx XXX. Xxxx Xxxxxxxx xxxxxxx xx xxx xxx xxxxxxxxxxx xx Xxxxxxxxxxx xx x. Xxx xx xxxxxxx Xxxxxxxxxx xxx Xxxx xxx xx XXX xxxxx xxx xxxxxxx xx x. Xxxx xxxx Xxxxxxxxx xxx xx Xxxxxx xxxxx xx xxxx Xxxxxxxxxx xxxx xxxx Xxxxxx. Xxxx Xxxxxxxx xxxxxxxxxxx xx xx. Xxxxxx xxxxxxxxxx Xxxxxx xxx XxXX xxx Xxxx xxx xxx XXX.
Xxx xxxxxxxx Xxxxxxxxxxxxxxxxxxxx xxx xxxxxxxxxxxxxxx. Xxx xxxxx xxx xxxxxxxxxxx Xxxxxxxxxx xxxxxxxxx Xxxxxx xxxxxx xx xx. Xxxxxx, xxx xxxxx xxx xxxxxxxxxx Xxxxxxxxxx xxxxxxxxx Xxxxxx xxxxxx xxx xxx Xxxxxxxxxxx xxx Xxxxxxxxxx xx x. Xxx xxx xxxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxxx xxx xxxxxxxxxxxxx xxxxxxxxxxxxx xx Xxxxxx xxxxxxxxx xxxx Xxxxxxxxx xxx Xxxxxxxxxx xxx xx Xxxxxx.

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Freiaktien anstelle einer Barausschüttung (Stockdividenden)

Xx xxxx Xxxxxxxxxxxxxxxxxx, xxx xxx xxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxxx xxx Xxxxxxxxxxxx xxx xxxx xxx xx. XxxX xxxxxxxxxxx. Xxx xxxxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxx xxxxxxx xxxxxxxxx xxxxxxxx xxxxx Xxxxxxxxxxxx Xxxxxxxxxx xx Xxxxxx xxx Xxxxxxxxxxxxx xxx xxxx. Xxxxxxxxxxxxxxxx. Xxx xxxxxxx Xxxxxxxxxx xxxx xxxxxxxxxxx, xxxx xxx xxx Xxxxxxxxx xxxxxxxx xxxxxx xxx xxxxx xxx xxxxx Xxxxxxx xxxxxxx xxxxxx, xxx. xxxxxxxxxxx Xxxxxxxxxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxx:

Xxxxxxxxxxxxxxx x Xxxxxxxxxxxx xxx Xxxxxxxxxxxx x xxxxxx xxxxxxxxxx xxxxxxx xxxxxxxxx xxx Xxxxxxxxxxxxx. Xxx Xxxx xxx xxxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxx xxx xx Xxx. x Xx. x XXxXx.
Xxx Xxxxx xxx Xxxxxxxxxxxxxxx xxxxxxx xxxx xxxx xxx xxxxxxxxxxx xx xxxxxx Xxxxxxxxxx xx xxxxx Xxxxxx xxxxxxxxx Xxxx xxx Xxxxxxxxxxxx xxxx Xxxxxxxxxxxx. Xxxxxx Xxxx xxxx xxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxxx xxx Xxxxxxxxxxxx.
Xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxxxx xxx Xxxxxx xxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxx x XXX xxxxxxxxx xxx xx Xxx. xx Xxxx x XXxXx.

12. Treue- oder Bonusaktien

Xx xxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxx xxx xxx xxxxxxxxxxxxxxxxxx xxx xxxxxxxxxxx Xxxxxxx xxx Xxxxxxxxxxxx xxxx Xxxxxx xxxx Xxxxxxxxxxx: Xxxxxxx xxxxxxx xx xxxx xxxxxxxxxxxx xx xxxxxxxxxxxx xxx xxxxxxxxxx Xxxxxx, xxx xxx Xxxxxxxxx xxx xxx Xxxxxxxx xxxxxxxxxxx xxxxxx, xxx xxx xx xxxxxxx, xxxx xx xxx Xxxxxx xxxx xxxxxxxxx Xxxx xxxxx. Xxxxxxxxxxxx Xxxxxxxx xxxxxxxx xxxx xxx Xxxxxxxxxxx xxx Xxxxxxxx Xxxxxxx XX, xxx xxx Xxxxxxxxxxxxxxxxxxxx xxx xxxx Xxxxxxxxxxxxx xxxx, xxxx xxx xxxx xxxxxxxxxxx xxx xxxxxxxxx xxxxxx.

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Xxx xxxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxxxx xxxxxxxxxx, xxxx xxx Xxxxxxxx xxxxx xxxxxxxxxxxxx Xxxxxxx xxx Xxxxxxxxxx xx xxxxxxxxx xxxx xxxxxx. Xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxx xxxx Xxxxxxxxxxx xxx Xxxxxxxxxx xxxxx Xxxxxxxxxxxxxxxxxxxxx xxx xxxxxxxxx Xxxxxxx xxx xxx Xxxx xxxxxxxxxx, xxx xxx xxxxx Xxxxx xxx Xxxxxxxxxx xxxxxxxxxxxxxxxx xxx. xxxxxxxxxx xxxxxxxxxx Xxxxxx xxxxxxxxx xxxxx.

13. Bezugsrechte und junge Aktien

Xxxx Xxxxxxxxxxxxxxxxxx xxxx xxxx xxxxx Xxxxxxx xxxxxxxx, xxxxx xxx xxxx Xxxxxx xxxxx Xxxxxxxxx xxxxxxx xxx xxx xx. Xxxxxxxxxxxxx. Xx xxx xxxxx Xxxxxxxxxxxxxxxx xxxxx Xxxxxxxx xxxxx Xxxxxxxx xxxxx Xxxxxx xxx Xxxxxxxxxxx xxx Xxxxxxxxxxxxx xxxx xxxxx "xxxxxxxxxxx" xxxxxx, xxxxxxx xxxxxxxxxx xxxxxx xxxxxxx xxxx, xxxxxx xxxxx Xxxxxxxxxxxxxxx xxxx Xxxxxx xxxxxxxxxxxx xxxxx xxxxxxxxxx Xxxxxx xx Xxxxxxxxxxxx xxxxxxxxx. Xxxxx Xxxxxxxxxxxx xxxxxxx Xxx xxxxxxxx xxx xxxxx Xxxxxx xxxxxxxx xxxx xxxx xxxxxxxxx xxxxxx. Xxxxxxxxxxxx xxxxxxx xxxx xxxx xxxxxxxx xxx xxxxxxx xxxxxxxxxxxx xxxxxx. Xxx xxxxxxxxxxxx xxxxxxx xxx xxxxxx xxx xxx xxxxx Xxxxxx xxxxxxxxxxx xxxxxx. Xxxx Xxxxxxxxx xxxxxxxxxx xxxxxxxxxxx Xxxxxx.

Xxxxxxxx:
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14. Aktiensplit

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Aktiensplit bei Google 2014

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Steuerneutrale Zuteilung von Hewlett-Packard-Aktien per Spin-off

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Zuteilung von PayPal-Aktien an eBay-Aktionäre

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15. Aktientausch

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Steuerbare Zuteilung von Verizon-Aktien durch Vodafone

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Xxxx xxxxxxx xxx xxx Xxxxx xxxxx xxxx xxxxx xxxxx. Xx xxx xxxxxxxx xxxxxxx, xxxx xxx xxx Xxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxxxxx "Xxxxxxxxxxxxxxxxxxxx" xxxxxxxxx xxx. Xxxx xxx xxxxxxx xxx xxxxx xxxxxxxx xxxxxx. Xxx xxxxx xxxxx xxx Xxxxx xx xxx Xxxxxxxxxx xxxxxxxxxxxxxxxx.

XXXXXXXXX:xxxxxxXxxx xxxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxx, xxxxxx xxx Xxxxx xxxx xxxxx xxx xxx Xxxxxxxxxxxxx Xxxxxxxxxxx xxxxx, xx xxxx xxx XXX xxxxx xxxxxxxx xxxxx, xxxxx xxxx Xxxxx xxx xxxxxxx Xxxxxxxxx xx xxxxxxxxxxx. Xxx Xxxxx xxxx xxx Xxxxxxxx xxx xxxxxxxxxx xxx XxxxxxxxxXxxxxxxxxx xxxx xxxxxxxxxx xxxx xxxxx Xxxxx xxxxxxxxxxxxx. Xx xxxxxx xx xxxxxx Xxxxxx xxxx xxx xxxxxxxxxxx Xxxxxxx xxx xxx Xxxxxxxxxx, xxxx Xxxxxxxxxxx xxxxxx xxxxxxxx xx xxxxxx xxx Xxxxxxxxxxxxxxx x xxxx xx xxxxxxxxxx Xxxxxxx x xxxxx xxxxxxxxxxxxxxxx xxxxxx xx xxxxxx. Xxxx xxxx xxx Xxxxxxxxxxxxxxxx xxxxxx: Xx xxxx xxx xxxxxxxx XXXxXxxxxx xx xxx Xxxxx, xxxxxx Xxxxxxxxxxx xxxx xxxx xxxxxxxxx xxx xxx xxxx xxxxxxxxxxxxx xxx xXXXxXxxxxx xxx x.x.xxxx, XXXX X xxxxxx.

16. Arbeitnehmer-Aktienoptionen (stock options)

Xxx xxxxxx Xxxxxxxxxxx xxxxxx x xxxx xxxxxx: xxxxx xx xxx Xxxxxxxxxxxxx x xxxxx Xxxxxxxxxxxx xxx xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxx. Xxxxxxxxxxxxxx xxxxxx xxxxxxxx xx. Xxxx xxx Xxxxxxxxxxx xxxx Xxxxxxxxxxxxxx xxxxx xxxxxxxxx, xxxx xxx Xxxxxxxxxxx xxxxxxx xxxxx Xxxxxxxx xxx xxxxxxxxxx Xxxxxxx xxx xxxxx Xxxxxxxxxxx xxx xxxxxxxxxxxxxxxxxxxxx Xxxxxx xxxxxxxxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxx:

xxxx xxx Xxxxxxxxxxxx xxxx xxx xxx Xxxxxxxxxxx xxxxxxxxxxxx Xxxxxx xxx Xxxxx xxx Xxxxxx xxx Xxxxxxxxxxxx xxxx xxxxx xxxxxxx Xxxxxxxxxxxx xxxxxx xxxxxxx xxx, xxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxx xxx xxxxxxxxx Xxxxxxx xxxxx xxx xx xxxxxxxxxx Xxxxxxxxx xXxxxxxxxxxx xxx Xxxx xxxxxxxxxx, xxx xxx xxxxxxxxxx Xxxxxxx xxx xxx Xxxxxxxxxxx xxx Xxxxxxxxxxxxx xxx xxxxxxxxxxxxxxxxxxxxx Xxxxxx xxxxxxxxx xxxx.
Xxxx xx xxx Xxxxxxx, xx xxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxx xxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xx x Xxx. x Xxxx x XXxXx x xxxxx xxx Xxxxxxxxxxx xxxxxxxxxxx xxxxx xxxx xx xxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxx xxxx, xxxxxx Xxxxxxxxxxxxxxxxxx xx Xxxxx xxxxxx xxxxxxxxxxxxxxx xxxx xxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxx Xxxxxxxx xxx.
Xxxxxx xxx xxxxxxxxxx Xxxxxx xxxxxxxx, xxx xxx Xxxxxx, x.x. xxx Xxxxxxxxxxxxxxxxxx xxxxxxxx Xxxxxxxxxxxxxxxxxxxx xxxxx. Xxxxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxx xxx Xxxxxxxxxxxxx xxxxxxxxxxxxxxx xxx xxxxxxxxxx xxx Xxxxxxxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxxxxxx xxxx xxx xxx Xxxx xx XxxxxxxXxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxx xxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxxx xxxxxxxxxx.

Xxxxxxxx:
Xxxx Xxxxxxxx xxxxxxx xxx xxx XxXX XxxxxxXxxxxxx xxx xxxx xx Xxxxxx xx xxxxx xxxxxx Xxxxxxxxx xxx xx xxx XXX xxxxxxxx. Xx Xxxxxxx xxxx xxxx xx xxx Xxxxxx xxx. Xxx Xxxxxx xxxxx xxxxx Xxxxxxxxx xxx xxx XXX. Xxx xxxxxxxxxx Xxxxxx xxxxxxxx xx xx Xxxxxxxx xxxx xx xxxxx Xxxx xxx xxx XXX.
Xxx xxxxxxxxxx Xxxxxxx xx Xxxxxxx xxxx xxxx xx xxxxxxxxxx: xx x xx XXX x xxx XXX.
Xxx Xxxxxxxxxxxxxxxxxxxx xx Xxxxxxxx xxxx xxxx xxxxxxxxxxxxxxx:

Xxxxxxxxxxxxxxxxxxxx	xx x xxx XXX x		x.xxx XXX
Xxxxxxxxx Xxxxxxxxxxxxxxxxx Xxxxxxxxxxxx xxxxxxxxxx Xxxxxxx	xx x xxx XXX x xx x xx XXX x	x.xxx XXX xxx XXX	xxxxxx
Xxxxxxxxxxxxxxxxxx	xxxxxx	x.xxx XXX	.x. x.xxx XXX
Xxxxxxxxxxxxxxxxxxxx	xxxxxx		x xxx XXX

Xxxxxxx Xxxxxxxxxxxxx: XxxxxxxxxxxxxXxxxxxxxxxxxxx xXxxxx xxxxxxxx.

17. Belegschaftsaktien und Genossenschaftsanteile

Xxxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxx xxxx xxx xxxx xxxx xxxxxxxxx Xxxxxxxx: Xxxx xxx Xxxxxxxxx xxx. Xxxxxxxxxxxxxxxxxxx xxxxx xxxx xxx xx XXX xx Xxxx xxxxxxxx, xxxxxxxx Xxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxx, xxxx xxxx Xxx xxxxx Xxxxxxxxxxxxxxxxxxxx xxxx xxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxxxxxx. Xxxx xxxx xxxxxx xxx, xxxx xxx Xxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxx xxxx xxxxx Xxxx xxx xxx Xxxxxxxxxxxxxxxxxxxxxx xxx xxx Xxxxxxxxxxxxxx xxxxxxxx xxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxx xxxxx Xxxxxxxxxxxx xxxxxx xxx xxx XXxXx.

Xx xxxx xxxx xxxxx Xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx. Xxxx xxxxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxxx xxxxxxxxxxx xxx Xxxxxxxxxxxxxxx. Xxxxxxxxx xxxxxx xxxx xxxx xxxxxxx, xxxx xxxxx Xxxxxxxxx xx xxx Xxxxxxxxxxxxxxxx xxxxxxxxx xxxxxx.

18. Abfindung von Minderheitsaktionären (Squeeze-out)

Xxxxxxxxxxxxxxx xxxxxxx xxxx xxxx xx xxxxx Xxxxxxxxxxx xxx xx x xxx Xxxxxxxxxxxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxx xxxxx Xxxxxxx xxxxx Xxxxxxxxx xxx xxx Xxxxxxxxxxx xxxxxxxx xxxx. Xxxxxxxxxxxx. Xxxxx xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxx xxx xxxxxxxxx Xxxxxxxxxxx. Xxxx xxx Xxxxxxxxxxxxxx xxx xxx Xxxxxxx, xxxx xxx Xxxxxxxxxxxxx xxx xxxxxxxxxxx xxx xxx xxxxxxxxxx Xxxxxxxxxxxxx xxxxxxxxxx xxxxxx xxxx.

Xxxx xxx Xxxxxxxxx xxx Xxxxxxxxxxxx xxx xxxx xxxxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxx xx xxx xxxx Xxxxxxx xxx xxx Xxxxxxxxxxxx xxx "Xxxxxxxxxxx" xxxxxxxxxx. Xxxxxx xxx xx xxx Xxxxxxxxxxxxxxxxx xx xxx xxxx Xxxxxxx xxx xxx Xxxxxxxxxxxxxxxx, xx xxx xxx Xxxxxxxx xxxxxxxxxxx xxxxx xXXXxXxxxxx xxx xx.x.xxxx, XX XX xxxxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxxxxx:

Xxx Xxxxxxxxxx xxx xxxxxxxxxx xxx xxx Xxxxxxx xxx Xxxxxx xx xxxxxxxxxx. Xxxxx xxxxxx xx xxxxx Xxxxx, xx xxx Xxxxxxxxxxxxx xxxxxxxxxx xxxx xxxxx xxxxxxxxxxxxxxxx Xxxxx xxxxxxx xXXXxXxxxxx xxx x.xx.xxxx, XXxXx xxxx XX X. xxxx.
Xxxxxx xxx Xxxxxx xxx xxxx xxxxxxxx, xxx xxx Xxxxxxxxxxxxxxxxxxxx xxxx xxxxx Xxxxxxxxxx xxx xx Xxxxxxx xxxxxxxxxx. Xxxxx xxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xxx, xxx xxxxxx xxxxxxxxxx xxxxxxxxxxxx.
Xxxxxx xxx Xxxxxx xxxx xxx x.x.xxxx xxxxxxxx, xxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxx xxx xxxxxxxxxx xxx Xxxxxxxxxxxxxxx. Xxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxx Xxxx xx XxxxxxxXxxxxxxxxxxxxxxxxxxxxxx, xx xx xxx xxx XxxxxxxXxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxx xxxx.
Xxxx xxx Xxxxxxxxxxxxx xxxxx xx Xxxx xxxxxxxxx xx. X. Xxxxxxxxx xxxxxxx Xxxxxx xxx xxxxxxxxxxxxxxx, xxx xxx Xxxxxxxxxxxxxxxxxxx xxx xxxxxxx Xxxx xxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxx xxxxxxxxxx. Xxxxx Xxxxxxxx xxxx xxxx xxx xxx xxxxxxxxxx xxxx Xxxxxxxxxx xxx Xxxxxxxxxxxxx x.X.x. xxxx xxxx xx.Xxxxxxxxxxxx.

Xxxxxxxx Xxx xxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxxxx Xxxxxxxxxxx, xxxx xxx Xxxxxx xxx Xxxxxxxxxxxxx xxxxxxxxxxxxxxx xxx xx Xxx. x Xx. x XXxXx. Xxxx xxxx Xxxxxxxxxxxxxxx xxxx xxxxx xxxxxxxxxxx, xxxx xxx Xxxxxxx xxx Xxxxxxxxxxx xxxxxx. Xxxxx xxxxxx xxx xxxxxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx, xxxx xx xxxx Xxxxxxxxxxxxxxx xxxxxxxxxxx xXXXxXxxxxxxxx xxx xx.xx.xxxx, XXxXx. xxxx X X. xx, Xx. xxxx.

XXXXXXX: Xxx Xxxxxxxxxx xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxx xxx xxxxx Xxxxxxxxxxx xxxx xxx xxx Xxxxxxxxxxx xxxxxxxxx. Xxx xxx. Xxxxxxxxxxx xxxxxxxxxx xxxxx xxxxx xxx Xxxxxxxxxxxxxxxxx. Xxxxx Xxxxxxxx xxxxx xxx xxxxxxxxx Xxxxx, Xxxxxxxxxxxxxxx xxx xxx xxxxxxxxxxx Xxxxxxxxxxxxxxxxx xxxxxxxx Xxxxxxxxxxxx xx xxxxxxxxx, xxx xxxxx xxxxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxxxxxxxx xxxxxx. Xx xxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxx, xx xxx Xxxxxxxxxxxxxx xx xxxxxxxxx xxx xxxxxxx xx xxxxxxxxxxxx Xxxxxxxxxxxxxxxx xx xxxxxxxxxxx. Xxxxxxxxx xxxxxx xxx Xxxxx xxxx Xxxxxxxxxxxx xxxx xxxx Xxxxxxxxxxxxx xxx xxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxxxxx xxx xXXxxxXxXxxxxx xxx xx.x.xxxx, x XxX xxxxxxx.

19. Genussscheine

Xxxxxxxxxxxxx xxxxxx xx xxx Xxxxxx "xxxx" xxxxxxx. Xxx xxxxxxxx, xx xxx Xxxxx xxxxxxxx xxxx xxx Xxxxxxxx xxxx xxx xxxxxxx Xxxxxxxxxx xxx xxx xxx xxxxxxxx xxxx xx xxxxx xxxxxxxxxx xxxxxxxxxxxx Xxxx xxx xxx Xxx xxx Xxxxxxxxxxxxx xxxxx. Xxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxxxx xxxxx xxx Xxxx xxxxxxxxx xxxxxx x xxx xxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxx Xxxxxx x xxxxxxxx xx. Xxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxxxxx xxxx xxxx Xxxxxx xx xxxxxxxxxxxxx:

Xxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxx: Xxxxxxxxx Xxxxxxxxxxxxx xxxxx xxx Xxxxxxxxxxxx xxxx xxx Xxxxx xxx xxxxx Xxxxxxxxxxxxxxxxxx, xx xxxx xxx Xxxxxx xxxxxxxxxxxxxx.
Xxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxx: Xxxx Xxxxxxxxxxxxx xxxxx xxx xxxxx Xxxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxxxxxx, xxxx xxx Xxxxxxxx xxx Xxxxxx xxxxxxxxxxxxxxx.

Xx xxxx xxxxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx xxx Xxxxxx xxx Xxxxxxxxxxxxx xxxx Xxxxxxxxxx xxx xxxxxx Xxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxxxx xxx xx x. Xxx Xxxxxxxxxxxxxxx, xxxxxx Xxxxxxx xxxx xxxxx Xxxxxxxxxxxxxxxxxxxx xx xxxxxx, xxx xxxxxxxxxx xxx Xxxx xx xxxxxx xxx xxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xx xxxxxxxxx, xxx xx xxxx xxxxx xxxx xxxxxxxx. Xxx xxxx xxx xx Xxxxxxxx xxxxxxxxxxxx Xxxxxx xxx Xxxxxxx xxxxxxxxx xxxxxxxxxxxxxxx xxx xxx xxx Xxxxxxxxxxxxxxx xxxxxxx.

Xxxxxxx Xxxxxxxxxxxxx:xxxxxxXxx Xxxxxxxxxxx xxxxxxxxx xxxxxx x xxxxx Xxxxxxxxxxxxx.

20. Spin-Off-Dividenden

Xxx xxxxx XxxxxXxx xxxxxxxx xxx xxxxxxxxxxx Xxxxxxxxxxx xxxxx Xxxx xxx xxxxxxxxxxxxxx Xxxxx xxx. Xxx Xxxxxxxxx xxxx xxx Xxxxxx xxxxxx Xxxxxxxxxxx xxxxxxxx xxx xxxxx Xxxxxxxxxx Xxxxxx xxx xxxxx Xxxxxxxxxxxx xxxxxx xxxx xxxxxxxxx xxx Xxxxx, xxxxx xxxxx Xxxxxx xx xxxxxx. Xxxxx xxx Xxxxxxxxx xxx xxxxxx Xxxxx xxxxxx Xxxxxxxx, xx xxxx xx xxx Xxxxxxxxx xx xxx Xxxxxx xxxxxxxxx xXxxxxxxxxxxxxxxxxx. Xx xxxxxx Xxxxxxx xXxxxxxx xxx XxxxXxxxxx xxxx Xxxxxxx xxx Xxxxxxxxxxxxxx xxxxxxx xxx XxxxXxxxxxxxx xxxxx xxxxxxxxxxxx xxxx xxxxxxxxxxx Xxxxxxxxx xxxxxxxxx. XxxxxXxxx xxxxxx Xxxxxxxxxxx xxx Xxxxxxxxxxxx, xxxxx Xxxxxxxxxx xxxxx Xxxxxxxxxxxxxxxxx xx xxxx Xxxxxxxxxxx xxxxxxxxxxx Xxxxxxx xx xxxxxxxx. XxxxxXxxx xxxxxxx xxxx xxx xxxxx Xxxxxxx xx xxxxx xxxxxxxxxx Xxxxxxx xxxxx Xxxxxxxxxxxxxxxxx xxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx:

xxx Xxxxxxxx xxx xxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xxx xx.x:

xxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xx xxxxx Xxxxxx xxxxxxxxxxx Xxxxxxx xx xxxxx xxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxxx Xxxxxxx xxx xxxx Xxxxxxxxxxxxx, xxx xxxxx xxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxx xx xxx Xxxxxxxxxxxxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxx xx xxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxx xxxxxx xx Xxxxxxxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxx xx xx Xxx. x Xx. x XXxX.
Xxxxxxxxxxxxxx xxxx xxx xxxxx Xxxxxxxxxx, xxxx xxx xxxxxxxxxxxxx xxx xxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxx Xxxx xxxx Xxx xxx Xxxxxxxxxxxxxxxxx xx Xxxxxx xxxxx.
Xxx xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxxx xxxxxxxx, xxxxxx xx xx Xxx. xx Xxxx x XXxX Xxxxxxxxx: Xxx xxxxxxxx: "Xxxxxx xxxxx Xxxxxxxxxxxxxxxxx Xxxxxxx xxxxxxxxx, xxxx xxxx xxxxxx xxxx xxxxxxxxxx Xxxxxxxxxxxxx xx xxxxxxxxxx xxx, xxxxxx xxx Xxxxxx xxx xxx Xxxxxxxxxxxxxxxxxx xxxxxx Xxxxxxx xxx x Xxxx xxxxxxxxx, xxxx xxx Xxxxxxxxxx xxx Xxxxx xxx Xxxxxxxxxxxxxx xxxxx xxxxxxxx xxx." Xxx xxxxxx Xxxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxx xx xxx Xxxxx xxxxxxxxxx.
Xxx xxxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxxxx xxxxxxxxxx, xxxx xxx Xxxxxxxx xxxxx xxxxxxxxxxxxx Xxxxxxx xxx Xxxxxxxxxx xx xxxxxxxxx xxxx xxxxxx.
Xxx xxxxxxxxxxxxx Xxxxxxx xxxxxx xx Xxxxxxxxx xxx Xxxxxxxxxxxxxxx xxxxx xxx xxxxxxxxxxxx xxx xxxxxxxx Xxxx xxxxxxx xx xxx Xxx. x Xxxx x XXxX xxx xxxxxxxxxxx.

xxx Xx xxxx xxxx xxx Xxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxx xxx xx Xxx. xx Xxxx x XXxX, xxxxxxxxxx xxx xxx "XxxxxxxxxxxxxxxxxxxxXxxxxxxxxxxxxxxx" xxx xx.x.xxxxx:

Xxx Xxxxxxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx xxxxxx xxxxxxxx xx xxx Xxxxxx xxx Xxxxxxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx, x.x. xxx Xxxxxxxxxx xxxxxx xxxxx xxx Xxxxxxxxxxxx xxx Xxxxxxxx xxxx Xxxxxxxxx xxx xxx Xxxxxx xx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx. Xxx xxxxxxxxxxxxx Xxxxxx xxxxx Xxxxxxxxxxxxxxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxx xxx xxxxxxxxxx Xxxxxxxxxxxx x"Xxxxxxxxxxxxxxxxxx"x. Xxx Xxxxxxxxxx xxxxxxx xxxx Xxxxxxxxxxx.
Xxx Xxxxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxx xxxx xxxxx xxxxxxxxxxx. Xxxxxx xxxxxx xxxxx xxxxxxx xxx, xxx xxxxxxxxxxxx xxx xxxxxxxxxx Xxxxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxx. Xxx xxxxxxxxxx Xxxxxxx xxxxxxxxxxx xxx xxxxxxxxxxxx Xxxxxx xxx Xxxxxxx xx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx.

XXXXXXXXX: Xxxxxx xxx Xxxxxx xx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx xxx xxx x.x.xxxx xxxxxxxx xxxxxx xxx xxxxx xxxxx xxx Xxxxxxx xxx xxxxxxx xxxxxxxxx Xxxxxxxxxxxxxxxxx xxxxx xxxxxxxxxx xxxxxxxxxxx xxxxxx xxxxxxxx, xxxx xxxx xxxx xxxx xxx Xxxxxx xx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxx. Xxx Xxxxxxxxxxxxxx xxxx xxx xxxxx Xxxxxx xxxx xxx xx xxx xxxxx Xxxxxxxx xxxxxx. Xxxx Xxx xxxxxxxxxx xxx xxxxx Xxxxxx xxx Xxxxxx xxxxxxxxx, xxxxxx xxxxxx xxxxxxxxxx.

Xxxxxx xxxxx Xxxxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxxx xXxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxx xXXXxXxxxxxxxx xxx x.x.xxxx, XX X xxX xxxxxxxxxxxxxx:

xxxxxxxxxxx xxxx Xxxxxxxxxxxxx xx xxxxx Xxxxxx xxxxxxxxxxx Xxxxxxx xx xxxxx xxxxxxxx Xxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxxx Xxxxxxx xxx xxxx Xxxxxxxxxxxxx, xxx xxxxx xxxxxxxxxxxx xxx Xxxxxxxxxxxxxxxxx xx xxx Xxxxxxxxxxxxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxx xx xxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxx xxxxxx xx Xxxxxxxxxxx xxx Xxxxxxxxxxxxxxxx xxxx xx xx Xxx. x Xx. x XXxX.
Xxx xxx Xxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxxx xxxxxxxx, xxxxxx xx xx Xxx. xx Xxxx x XXxX Xxxxxxxxx. Xxx xxxxxx Xxxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxx xx xxx Xxxxx xxxxxxxxxx. Xxx xxxxxxxxxxxxx Xxxxxxxxxxxxx xxx xxxxx xxxxxxxxxx, xxxx xxx Xxxxxxxx xxxxx xxxxxxxxxxxxx Xxxxxxx xxx Xxxxxxxxxx xx xxxxxxxxx xxxx xxxxxx. Xxx xxxxxxxxxxxxx Xxxxxxx xxxxxx xx Xxxxxxxxx xxx Xxxxxxxxxxxxxxx xxxxx xxx xxxxxxxxxxxx xxx xxxxxxxx Xxxx xxxxxxx xx xxx Xxx. x Xxxx x XXxX xxx xxxxxxxxxxx.
Xxxxxxx xxx Xxxxxxxxxxxxx Xxxxxxx xx xxxxx Xxxxxxxxxxxxx xxxxxxxx xxxxx Xxxxxxxxxx x. X. xxx xx xxx Xxx. x XxxX xxxx xxxxxxxx xxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx Xxxxxxxx, xxxxxx xx xx Xxx. xx Xxxx x XXxX Xxxxxxxxx. Xxx Xxx. xxx xx. xxxxxx xxxxxxxxxxxx. Xxxxxxxxx xxx xxx Xxxxxxx xxxxx Xxxxxxxxxx xxx Xxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxx xxxx xxx Xxxxxxxxx xxx xx xx Xxx. xx Xxxx x XXxX xxxxxxx xxxx xxx xxxxx Xxxxxxxxxx xxxxxxxxxx, xxxx xxxxxxxx Xxxxxxxxx xxxxxxxx xxxx:
- Xxx XXXX xxx xxxxxxxxxxxxxxx Xxxxxxx xx Xxxxxxxxxxxxxxxxx xxxxxx xxxxxxxx.
- Xxx XXXX xxx xxx xxxxxxxxxxxx Xxxxxxx xxxxx xxx xxxxxxxx xxx xx xxxxxxx xxxx xxxxx xx xxxx xxxxxxx xxxxxxxxxxxxxxx Xxxxxxxxxxxx.
- Xxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxx xxx Xxxxxxxxxxxxxxxx xxxxx Xxxxxxxxxx xxxxxxx Xx. xx.xx xxx XXXxXxxxxxxxxx xxx xx.xx.xxxx xXXxXx. X X. xxxxx xxx.
- Xx xxx xxx Xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxx.
- Xx xxxx xxxxx Xxxxxxxxxxxxx xxxxxxxxxxx.
- Xxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxx xxxx xxxxx Xxxxxxxx xxx xxxx Xxxxxxxxxxxxxxxx.
- Xxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxx xxx xxxxxxxxxxxxx xxx xxxx xxxxxxxxxxxxx Xxxxxxxxxxxxx xxxxxxx xxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxx xxxxxxxxxxxxx Xxxxxx xxxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxxx Xxxxxxxxxxxx xxxxxxx xxxxxxxxxxxx Xxxxxxxx x xxx x xxx XXXxXxxxxxxxx xxx xx.xx.xxxx xXXxXx. X X. xxxxx.
- Xx xxxxx xxxxx Xxxxxxxxxxxx xxxxx xxx Xxxxxxxxx xxxxxxxxx.
xx xx Xxx. xx Xxxx x XXxX xxxxxx xxxxxxxx xxxxx Xxxxxxxxx, xxx xxx Xxxxxxxxxxxxx xx xxxxx Xxxxxxxxxxxxxxxxx xxxxxxxx xxxxxx xxx xx Xxx. x Xxxx x XXxXx.
Xxxx xxx Xxxxxxxxxxxxxx xxx Xxxxxxxxxx xxxxxxx xx xx Xxx. xx Xxxx x XXxX xxxxx xx xxx xxx Xxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxxx xxxx xxx Xxxxxxxxxx xxxxx Xxxxxxxxxxxxxxxxxxx xxxxx xx.

Xxx xxxxxxxxx Xxxxxxxx: Xx x.x.xxxx xxx xxxx Xxxxxxx xxx xxxxxx Xxxxxxx Xxxxx xxxxxxxx. Xxxxxx Xxxxxxxxxxxxxxxx xxxxx xx xxx Xxxxxx xxxxxxxx, xxxxx Xxxxxxx xx,x Xxxxxxx xxx Xxxxxxx xxx Xxxxxxx xx xxx xxxxxxx Xxxxxxxxxx xxxxx xxxxxxxxxx xxx. Xxxxx XxxxxxxxXxxxxxxxx xxxxx xxxx xxxx xxxxxx Xxxxxx xxxx XxxxxxXxxxx. Xxx Xxxxxxxxxx xxxxxxxx xxxx Xxxxxxxxxxx.

Xxxxxxxx: Xxx xxxxxx xxxxxxxxx xx XxxxxxxxXxxxxx xxx Xxxx xxx xx XXX xxx Xxxxxx xxxxxxx xXxxxxxxxxxxxxxxxxx xxxxxxxxx xxx XXXx. Xxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxx Xxx xxx xxxx XxxxxxXxxxx xXxxxxxxxxxx xx:xx. Xxx xxx xxxx XxxxxxXxxxx xxxxxxxxx xxxxxxx xxx Xxxxxx xxx Xxxxxxxxxxxxxxxxxx xxx XxxxxxxxXxxxx, xxxx xx XXX. Xxx XxxxxxxxXxxxxx xxxxxx xxxx xxx Xxxxxxxxxx xxx xxxx Xxxxxxxxxxxxxxxxxx xxx xxx XXX xxx xx xxxx Xxxxxx, xxx XXX .x. xx XXXx. Xxxxxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxxxx xx xx Xxx. xx Xxxx x XXxX xxxxx xxx Xxxxxxxxxxxxx xxx Xxxxxxxxxx xxx Xxxxxxxx.

21. Aktienderivate: ADRs und GDRs

Xxxxxx Xxxxxxxxxx Xxxxxxxx xXXXx xxxx xxxx xxx Xxxxxxx xxx Xxxxxxxx Xxxxxxxxxx Xxxxxxxx xXXXx xxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxx, xxx xxx Xxxxxxxx xx Xxxxxx xxxxxxxxxx. Xxx XXX xxxx xxxx xxx xxxx, xxxxxxx xxxx xxxx xxx xxx xxxxx Xxxxxxxxxxxxxxx xxxxxxxx. XXXx xxxxxx xx Xxxxxxx xxxxxxxx xxxxxxxxxxxxxxx xxxx xxx XxxxxxxxxXxxxx xxxxxxxxx, xx xxx Xxxxxx Xxxxxxxxx xx Xxxx, xx xxx Xxxxxx Xxxxx Xxxxxxxx xx XXxXxxxxx. XXXx xxx XXXx xxxxxxxxxxxx Xxxxxxxx, xxxxx x. X. xxx xxxxxxxxxxx Xxxxxxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxx xxxxxxxx xxx, xxxx Xxxxxxxx xx xxx Xxxxxxxxxxxxxxx xxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxx Xxxxxxxxxxxx.

Xxxxxxxxxx xxxxxx xxxxxxxx Xxxxxx xXXXxXxxxxxxxx xxx x.xx.xxxx, XXxXx. xxxx X X. xxx, Xx. xx, xxxx:

Xxx Xxxxxxxxx xxx Xxxxxxxxxx Xxxxxxxx xx xxx xxxxxxxx xxxxxxxxx Xxxxxx xxx xxxxx Xxxxxxxxxxxxx xxx Xxxxxxxx xxx. Xxxxxxxxxxxxxx xxx xxxxxxxxx Xxxxxx, xxxxxxx xxx xxxxxxxxxxxxxxx Xxxxxx. Xxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxxxx xxxxx xxx xxx xxx xxx Xxxxx xxxxxxxxx Xxxxxx xxxxx. Xxx Xxxxxx xxx Xxxxxxxx, xxx xxx xxxx xxxxxxxx xxxxxx, xxxxxx xxx Xxxxxxxxxxxxxx xxxxx xxx.
Xxxxxx xxx xxx Xxxxxxxxxxxxx xxxx Xxxxxxxxxx xxx XXXx xxx XXXx Xxxxxxxx xxxxxxx, xxxxxxxx xxx Xxxx xxxxx x xxx Xxxxxx x xx XxxxxxxXxxxxxxxxxxxxxxxxxxxxxx. Xxx Xxxxxxxx xxxx xxx xxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxxxxxxx, xxxxx xxxxxx xxx xxxxxxx Xxxxxxxxxxxxxxxx, xxx Xxxxxx xxx Xxxxxxxxxx.
Xxxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxxxxxx xxx Xxxxxxxxxxxxxxxx xxxx xx Xxxxx xxxx xxxx Xxxxxxxxxxxxxxxxxxxxxxxx: Xxxxx xx Xxxxx xxxx xxx Xxxxxxxx xxx Xxxxxxxxxxxxx xxxxxxxxx xxxxx xxxx xxx Xxxxxxx xxx Xxxxxxxxxxxxx xxx xxx Xxxx xxxxx xx XxxxxxxXxxxxxxxxxxxxxxxxxxxxxx xx xxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxxxx, xx xxxx xxx Xxxxxx xxxx xxxxx xxxxxxxxxxx.

Xxxxxxx Xxxxxxxxxxxxx: XXXxXxxxxxxxx xxx xx.x.xxxx xx XXXx xxx XXXx.

22. Verkauf und anschließender Wiederkauf gleichartiger Wertpapiere

Xx xxxx xxxxxxx Xxxxxxxx xxx xxx Xxxxxxx xxx Xxxxxxxxxxxx x xxxxxxxxxxx xxx xxxxx Xxxxxxxxxxxxxxxxx x xxxxxxxx xxxxxxxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxx xxxxxxxxxx xxx xx xxx Xxxxxxxxxxxxxxx xxxxxxxxxx xxxxxx. Xxxxxxxxxx xxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxx xxx xxx Xxxxxxxx xxx Xxxxxxxxxxxxxxxx xxxxxxxxxxxx xxxxxx. Xxxxx Xxx xxx Xxxxxxxxxxx "xx Xxxxx" xxxxxxxx, xxxxxx xxxx xxxxxxxx Xxxxx: Xxxxxxx Xxxxxxxxxxx xxxxxxxx, xxxxx xxx xxxxxxxxxxxxxxxx Xxxxxxx xxxxxxxxxx xxx xxxxxxx Xxxxxxx xx xxxxxxxx Xxxxxx xx xxxxxx Xxx xxxxxx xxxxxxx xxxxxxx

Xxx Xxxxxxx xxxxxx: Xx, xxxx xx xxxxxx xxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxx xx xx XX xxx, xxxx xxxxxxxxxxxx Xxxxxxxxxxx xxxxxxxxxxx xxxx xxx Xxxxxxxxxxxxx xxxxxxxx xxxxxx. Xxx xxx Xxxxxxx xxx Xxxxxxxxxxxx xxx xxx xxxxxxxxxxxxxxx Xxxxxxxxxx xxxxxxxxxxxxx Xxxxxxxxxxx xx xxxxxxxxxxxxxxxxx Xxxxxxxx xxx Xxxxxxxxxxxxxxx xxxxxxx xx xxxx xx xxxxxxxxxxxxxx xxx xxxxx xxxxxxx xx xxxxxxxxxxxx Xxxxxxxxx xXXXxXxxxxx xxx xx.x.xxxx, XXxXx. xxxx XX X. xxxx.

Xxx XXX xxxxxx, xxxx xx xx Xxxxxxxx xxx Xxxxxxxx xxxxx, "xx, xxxx xxx xxx xxxxxxx Xxxxxx xx xxx xxx xxxxxxxxx Xxxxxxxxxxx xxxxxxx, xxxxxxxx xxx xxxxxx xxxxxx xxxxx xxx xxx. xxxxxx xxxxxxxx." Xxxxxxxx xxxx Xxxxxxx xxx Xxxxxxxxxxxx xxx Xxxxxxx, xxx xxxxxx xxxxxxxxxx xxxxxxxxxxxx. Xxxxx xxxxxx xxx xxxxxx Xxxxxxxxx x xxx Xxxxxxxxxx xxxxxxxx Xxxxxxxxxxx x xxxxx Xxxxx.

XXXXXXX: Xxx XXXxXxxxxx xxxxxx xxxx xxx xxxxx Xxxxxxxxxx xxx xxxx xxx xxx Xxxxxxxxxxxxxxxxx xxx xx Xxxxxxx, xxxx xx xxx xxxxxxxxx xxxxxxxxx xxxx xxx Xxxx xxx Xxxxxxxxxxxxxxx xx xxxx.

Xxxxxxx Xxxxxxxxxxxxx: Xxxxxxxxxxxxxxxxxxxx: Xxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxxx.

23. Streubesitzdividenden

Xxx xxxx Xxxxxxxxxxxxxxxxxxxxxx Xxx xxxx Xxxxxxxxxx xxx Xxxxxxxxxxxxx xxx xxxxxxx xxx xx x, xxx Xxxxxxxxxxxxxxxxxxxxx xxx Xxxx xx XXxxXXXxXxxxxxx xx Xxxxxxxxxxx xx Xxxxxxxxxxx xxxxxx. Xxx xxxx xxxxxx xxxxxx Xxxxxxxxxx xxx xx x Xxxxxxxxxxxxxxx xxxxxxxx. Xxxxx xxxx xxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxx xxx xx x xxxxxxxxxx, xxxx xxx Xxxxxxxxx xxx xxxxx xxx Xxxxxxxxxxxxxxxxx xxxxxxxxx. Xxxxxx xxxxxxx Xxxxxxxxxx xx Xxxxxxxxxxxxxxxxxxxxx xx Xxxxxxxxxxx xxxxxxxxxxxxxx, xxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxx xxx xxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxxxx, xxxxx xxx Xxxxxxxxx xx xx x xxxxxxxxxx xxxxxxxx xxxx xxx xx XXxXx.

Xxx Xxxxxxxxxxxx Xxxxxxxxxxx xxxxx xxxxxxxxxxx, xxxx xxx xxxxxxxxxxxxxxxx Xxxxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxx xxxxx XXxXxxxx xxxxxxxxxx. Xxx Xxxxxxxxxxxxxxxxx xxx Xxxxxxxxxxxx xxxx Xxxxxxxxxx xx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxx xxx Xxxxxxxxxxxxxxxxxx xxx xx x xxx xxx Xxxxxxxx xxxxx xxx Xxxxxxxxxxxxxxxxxxxxxxx xxx xxxxx XXxxxxxxxxxxxxx xXxXXxXxxxxx xxx xx.xx.xxxx, Xxxxxxxxx.
Xxx xxxxxxxxxxxx XXxxxxxxxxxxxxxx Xxxxxxx xxxx xxxxxxxxx xxxxxx, xxxxx xxx Xxxxxxxxxxxxxxxxxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxx xxxxxxxxx xxxxxxxxxx xxxxxxxx xxxx xx xxx Xxxxxxxxx xxx XXXxXXXxXxxxxxxx xxxxxxxxxxx xxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxx xxxx xxx xxxxxxxxxxxxx Xxxxxxxxxxx xxxxxxxxx xxxxxx xxxx xx xxx XXXxxxxxxxxxxx Xxxxxxxxx xxxxxxxxxxxx x xxx xxxxxxxxx xxxxxxxxxxxx xxxx.

Xx xxx x.x.xxxx xxxxxx xxxx xxx Xxxxxxxxxxxxxxxxxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxx, xx xxx xxxxxxxxxx Xxxxxxxxxxxxxxxx xxxxxxxx xxx xxx xxxxxxxxxxxxxx Xxxxxxxxxxxxxx xxxx xxx. Xxxxxxxxxxx xx xxxxxxxxx x"Xxxxxx xxx Xxxxxxxxx xxx XxXXxXxxxxxx xxx xx. Xxxxxxx xxxx xx xxx Xxxxxxxxxxx Xxxxxxxx" xxx xx.x.xxxxx.

XXXXXXXXX: Xxxxxxxxx xxxxxxxx xxxxxxx xxx Xxxxxxxxxxx xxx Xxxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxxx xxx Xxxxx xxx xx xx xxx xxx Xxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxxxx.

Xxx Xxxxxx xxxxxxxxxxxxx xxxx Xxxxxxxxxxxxxxxxxxxxxxxxxx:

Xxxxxxxxxx, xxx xxx xxx xx.x.xxxx xxxxxxxxxx, xxxx xx xx x xxxxxxxxxxxxx x xxxx xxxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxx Xxxx xx XXxxXXXxXxxxxxx. Xxxxxx xxxx xxx Xxxxxxxxxxxx xxx Xxxxxxxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxx, xxxx xxx xx xxxxx Xxxxxxxxxxx xxxxx xxxxxxxxxxxxx xxxx xxx xxx xxxxxxxx XxxXXx xx Xxxxxxxxxxx xxxxx xxxxxxxxx xxxxxxx.
Xxxxxxxxxx, xxx xx xxx x.x.xxxx xxxxxxxxxx, xxxx xxxxxxxx xxxxxxxxxxxxxxx x xxxx xxxx xxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxx xx Xxx. x XXxXx. Xxx Xxxxxxxxxxxxx xxxx xxxx xxx, xxxx xxx Xxxxxxxxxxx xx Xxxxxx xxx Xxxxxxxxxxxxxx xxxxxxxxxxx xxxxxxx xxx xx x xxx Xxxxxx xxxx Xxxxxxxxxxxxx xxx xxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxx xxx. Xxxxxxxxxxxxx Xxxxxxx xxx Xxxxxxxxxx xxxx xxx xxx xxxxxxxx Xxxxxxxxxxxxxxxxxxx xxxxxxxxxxx.

XXXXX: Xxx xxxx Xxxxxx xxxxxx xxxx, xxxx xxxxxxxxxx xxx Xxxxxxxxxxxxxxxxxxxxx xx xxx Xxxxxxxxxxxxx xxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxx xxxxxxxx xxxxxx xxx xx xxx Xxxxxxx xxxxxxxx Xxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxx xxxxxx.

Xxx xxx. Xxxxxxxxxxxxxxxxx xxxx xxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxx xxxxx xxx xxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxx x.x. xxxxx xxxx xxx xxxxx xxxxxxxxxxxxx Xxxxxxxxxxx xx xx x xxx. Xxxxxx xxx XXX xxxxxxx xxx xxxxx Xxxxxxxxxxx xxx xxxxx xx x xxxx Xxxxxxxxxxxxxxxxxx xxxxxx xxxxxx, xxxxxx xxx XXX Xxxxxxx xxx xxx Xxxxxxxx xxx xx xx Xxx. x XXxX. Xxx xxx Xxxxxxxx xxx xx xxXxxxxx xxxx xx xx Xxx. x XXxX xxxx xxxxxxxx xxx xxx Xxxxxx xxx Xxxxxxxxxxxxxx xxxxxxxxxx. Xxxx xxx xxxxx Xxxxxxxxx xxx xxx Xxxxxxxxx xxx Xxxxxxxxx xxx Xxxxxxxxxx xxx xxx Xxxxxxxxx xxxxx xxx Xxxxxxxxxxxxxxxx xxxxx xx xxxxxxxx, xxxxx xxxxxxxxxxxx Xxxxxxxxxxxx xxx Xxxxxxxxxxx xxxx xx xx Xxx. x XXxX xx xxxxxxx.

XXXXXXX: Xxx Xxxxxxxxxxxxxxxxxxx xXxxxxxxxxxxxxxxxxxxxxx x Xxxxxxxxxxxxxxxxxx xxxxxx xx xxx xxx xxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxxxxxx Xxxxxxxxxxxxxxxxxxxxxxx xxx x Xx. xx XXxXx.

Jetzt Mitglied werden und Steuern sparen!