Hello,

I have around €10,000 in capital losses that I can offset against capital gains in next year’s tax return or in the following two tax years.

On the other hand, I hold shares in a fund that tracks the MSCI World and has an unrealized gain of 67.5%. In other words, I would need to sell around €25,000 worth of shares to realize €10,000 in capital gains and offset my losses. I wouldn’t sell them if it weren’t for the opportunity to offset those losses and save around €2,000 in taxes. My plan is to buy back the same fund as soon as possible (as I understand it, this is not a wash sale, as I am selling making profit).

There are a few risks I think I need to take into account:

Risk 1: While I’m out of the market with the €25,000, the market could go up (which would work against me, as I would be selling low and buying high) or it could go down (which would work in my favor, as I would be selling high and buying low).

Risk 2: My understanding is that the €2,000 in taxes will be withheld until I receive a…