IBKR account closure - any problems with EU home country?

[Danteblue]

I made an account with IBKR while living in EU and invested some ~100K in stocks. This was more than 1 year ago and since then I officially left the EU country and changed tax residency.

However I did not change my tax residency under the IBKR account, it is still based in that EU country. Now i want to sell the stocks (at a loss, not profit) and close the account. Is this going to be an issue with the EU country? Will they get a report showing that I did not make a profit therefore don't owe any tax?

 

[thomasparra]

Should be fine.

 

[JackAlabama]

Danteblue said:
I made an account with IBKR while living in EU and invested some ~100K in stocks. This was more than 1 year ago and since then I officially left the EU country and changed tax residency.

However I did not change my tax residency under the IBKR account, it is still based in that EU country. Now i want to sell the stocks (at a loss, not profit) and close the account. Is this going to be an issue with the EU country? Will they get a report showing that I did not make a profit therefore don't owe any tax?
Click to expand...

you either left that eu country or you did not. The answer to this will determine the outcome.

 

[toums]

Whats the problem?

It's not IB who determines your tax residence (or any banks). They can just put some WHT on your interest/dividend (depend the country you mentioned to them).

If you really moved to another one, and you noticed the previous ones you left.. Then you dont care if IB still notify that to your previous EU country (especially with loses, lol).