Hi there πŸ‘‹

The Great Book (or general ledger) is not a regulatory document, it is created from scratch by Waltio. It is comprehensive and can be complex to read.

πŸ’‘ This document is not to be attached when filing your tax return. However, in case of a tax audit, it must be sent to the tax authorities. It allows to justify the calculations made.

The ledger can be separated into two parts. The first part provides the information about the transaction, and the second part details the calculation of the tax gain.

Part 1: Details of the transaction

The first columns show the main information of your transactions (if they have been modified, if the transaction is taxable)

πŸ’‘ Using the filter functionality on a spreadsheet (such as Excel), it is possible to identify taxable transactions or those that still have a warning.

Part 2: Calculation of capital gains tax

Column M - as required by the tax system, the total value of the portfolio is calculated after each transaction.

The Total Gross Acquisition Price (column O) - Capital fraction initially contained in the Total Acquisition Price (column R) = Total Net Acquisition Price.

For transactions before January 1, 2019, columns O, P, Q, R are not filled in. This is because the tax regime, and therefore the method of calculating capital gains, before this date was different.

When generating reports, we calculate the EUR equivalent of the balance only for taxable transactions because this calculation is very time-consuming and only useful for taxable transactions. Thus, the corresponding column in the general ledger is filled in only for taxable transactions.

πŸ’‘ The following article details the evolution of the Gross Total Acquisition Price (GTA) and Net GTA calculation method.

To simplify the reading, we display 0 in the amount of balances after December 31 of the fiscal year studied.

πŸ’‘ If you are thinking about passing the ledger to your bank, please read this article.

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! πŸ’¬

The Waltio team

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