Lightyear offers you 3 statements to have an overview of your account activities and use for tax reporting purposes. Each statement also includes your unique account reference if needed. You can find them on
- mobile app: navigate to your profile at the top left corner and scroll to “Documents”, then choose "Statements"
- web app: select Activity of the left sidebar and then "Download statement"
Please remember that Lightyear cannot give tax advice as it always depends on your personal circumstances and local tax laws. We recommend talking to a local tax professional if you have any specific questions about reporting.
Account statement
- This is an overview that summarises your portfolio and fees, as well as breaks down your portfolio into your open positions.
- It also shows all your transactions (dividends, interest, orders, deposits, withdrawals).
Income statement
- This is where we disclose everything you’ve earned using the Lightyear platform that isn’t gained from selling shares. It covers interest and dividend payments.
- This statement uses the currency of the entity of your account and does not change when you change your app viewing currency. For instruments which are not priced in your home currency, we have assumed an end-of-day FX on the day of the transaction, when income and gains happened.
Capital gains statement
- This is a statement that will show what you have gained or lost from selling shares at the period of your choice.
- The details display the time you sold the shares, the symbol and name of the instrument, country of the exchange it’s traded in, how many shares you sold (Quantity), how much you paid for these shares (Cost basis), how much you sold the shares for (Proceeds) and how much you either gained or lost from this sell (Capital gains).
- Like with the Income statement, this statement uses the currency of the entity of your account and does not change when you change your app viewing currency. For instruments which are not priced in your home currency, we have assumed an end-of-day FX on the day of the transaction, when income and gains happened.
- When generating this statement, you can choose the cost basis method between FIFO (First In First Out) and Average cost. Always check with your local tax authorities if you’re not sure which method to use.
Interest
For Estonian personal account customers, we automatically withhold your tax and pass it on to the Estonian Tax and Customs Board. If you live elsewhere, note that you are responsible for the appropriate tax reporting and payments, in accordance with your local tax laws. See more about interest from our article "How does interest work?".
Investment accounts
Estonian customers, please see the Tax and Customs Board post "Securities and investment account". However, note that your Lightyear account cannot be declared as an investment account.
Under the Estonian legislation around income tax, only a bank account can be declared as an investment account. There are talks about changing this legislation so that your account in an investment firm (such as Lightyear) can also qualify as an investment account. Lightyear is keeping a close eye on that regulatory change and advocating for it being adopted as soon as possible.
Dividends
See Dividend taxes