No, the capital gains (plusvalenze) generated by your investments on Satispay cannot directly offset any losses (capital losses) incurred.
This is because, according to Italian tax regulations, income derived from mutual investment funds is generally considered investment income (redditi da capitale). This type of income cannot be offset against past or future capital losses, which instead are classified as other income.
How can I manage my capital losses?
The losses realized on your investments (defined for tax purposes as minusvalenze) can be certified:
• documentation: you will be able to download the appropriate tax documentation directly in the App.
• offsetting: these certified capital losses can be used to offset "other income" (such as profits from the sale of individual stocks or ETFs) generated on financial instruments held with other banking or financial intermediaries.
In summary, the capital losses generated on Satispay funds can reduce the taxes on gains (redditi diversi) that you have earned elsewhere.