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Investment account

Investment account facilitates management of your investments. Its main purpose is to simplify calculation, declaration and payment of income tax on capital gains.

Assess the benefits

  • Facilitates tax calculation
    Tax liability arises when amount withdrawn from the investment account exceeds total amount of funds deposited
  • Simplifies income declaration
    There is no need to calculate acquisition costs for each financial instrument
  • Opportunity to keep funds separately
    Keep funds for investment purpose separately from other savings
  • Investment account statement
    Receive investment account statement that could be used for filing annual income declaration

Get to know the benefits of investment account

  Luminor Investor
with investment account		 Luminor Investor
with current account
Funding your account Current account > Investment account > Luminor Investor Current account > Luminor Investor
Tax calculation Done when amount withdrawn from the investment account exceeds total amount of funds deposited Done when income is derived from each financial instrument sales transaction
Responsibility of tax payment Investor is solely responsible for calculation and declaration of income and payment of tax Investor is solely responsible for calculation of capital growth, declaration of income and payment of tax
Income declaration With annual income declaration Using declaration on capital gain income form (DK), depending on the total income gained during the quarter
Reports for income declaration Luminor will provide the opportunity to receive investment account statement that could be used for filing annual income declaration Investor shall prepare information for declaration
Financial instrument transfers If the transfer takes place within investment accounts and financial instruments are available in Luminor Investor If financial instruments are available in Luminor Investor

* Information on income tax could be found here

Opening an investment account is easy!

Apply for Luminor investment service - Luminor Investor

Indicate that investment account should be opened - investment account should be linked to investment service

Sign investment account agreement

Luminor Investor

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Useful links

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Information for Investors
Information about Income Tax
Frequently Asked Questions

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Disclaimer

All investments entail risks and may result in both profits and losses. Investors should carefully consider their financial situation in order to understand the risks involved and ensure the suitability of their situation prior to making any investment, divestment or entering into any transaction. You are responsible for your investment decisions; therefore, before making a decision you should get acquainted with all investor protection documents, including, but not limited to, description of financial instruments and related risks, prospects of funds or of financial instruments available here.
None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.
The information provided hereof is for informative purposes only and Luminor Bank AS Latvian branch waives any responsibility for expenses or loss, which may incur in case it does not tally with explanations provided by the State Revenue Service or another competent authority. To obtain additional information on taxation of income from deposits and investments Luminor Bank AS Latvian branch recommends that you consult the State Revenue Service or your personal tax advisor.