Even with 100% employment, equity trading can become taxable

A plaintiff complained to the Federal Supreme Court that the partial sale of a shareholding should not have been taxed as he had acted as a private individual and was 100% employed. The tax office did not recognise tax-free capital gains and argued that the criteria would not have been met by a shareholder who only strategically invests his private assets. The taxpayer would have acted in a risky and strategic manner, which is indicative of part-time investment trading. There can be no question of simply managing private assets. The Federal Supreme Court ruled in favour of the tax office. (Source: BGE 9C_403/2023 from 24.6.2024)