Expenses for management of securities

You can claim the expenses for management and safekeeping of securities and book-entry shares. They are deductible from your capital income. The Tax Administration receives almost all the information on asset-management expenses from banks, other intermediaries and investment fund companies in Finland and other countries. After you check the pre-filled amounts, make any necessary corrections and additions. 

There is an own-liability threshold of €50 for management and safekeeping of securities. When you claim the expenses, indicate the gross expense for the entire year without subtracting the 50-euro threshold from it.

How to file in MyTax

The Pre-completed income and deductions stage — Expenses for management of securities — contains the information that has been available to the Tax Administration on the asset management expenses you have paid. If you make corrections, first select the link with the name of the bank or other organisation that has charged you fees for asset management. Then, you can edit the entries. If any expenses are missing, click the Add new management expense button.

If no management expenses are found under Pre-completed deductions, move on the Other deductions stage. Select Yes for Expenses for management of securities. Click the Add new management expense button to enter the amounts that are missing. Enter the Business ID and name of the company you paid the asset-management fees to. Only a Finnish Business ID is accepted.

If you paid these fees to a foreign company or if you paid other expenses related to securities, claim them under Other deductions from capital income.

How to file on paper

To claim the deductions relating to asset-management fees on paper, submit Form 50B – Capital income and deductions. In the same way, if you paid expenses to a foreign intermediary for the management of your holdings, complete and submit Form 50B.