| Quote: | |  | |
| "Kosten für die Verwaltung des beweglichen Privatvermögens" =
"Costs for the private management of movable assets"
Makes sense now someone explained it to me.
Thanks 
If one can reclaim custody fees, then surely can one reclaim bank charges? e.g. for paying a cheque over the counter? If not, I wonder why not? | |
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Assets generate taxable revenue (dividends, interest, etc.). The expense -- of obtaining this revenue -- is deductible within limits. When you pay a cheque, there is no revenue, no taxes, and no deductible expense.