Buying & Selling Bonds
Swapping to Lower Your Taxes
Tax swapping is the most common of all swaps. Anyone who owns bonds that are selling below their amortised purchase price and who has income that could be partially, or fully, offset by a tax loss can benefit from tax swapping.
Because tax treatment varies widely across Europe, consult your financial or tax advisor or use the link in our Resource Centre to the Tax Authority in your country.