Taxes and statements

Lightyear offers four types of statements to help you track your activity and report your taxes: Account, Income, Capital Gains, and Cost and Charges disclosures ("ex-post"). Each statement also includes your unique account reference if needed.

• Mobile app: open your chosen account, and navigate to the Transactions view. Select “Statements”, then choose which statement you want. Pick the time period, and then hit “Download PDF”.
• Web app: open your chosen account, then select your profile icon in the top right and click “Settings”. Under “Account”, select which statement you want. Choose the time period, and then hit “Export PDF”.

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.

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).

The account statement covers your activity on Lightyear. The bank account details you see in the app are used for deposits and are not personal bank accounts in your name, so they aren't shown here.

This is where we disclose everything you’ve earned using the Lightyear platform that isn’t gained from selling shares. It covers interest, dividend payments, and coupon 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.

• This is a statement that will show what you have gained or lost from selling shares during the period of your choice.
• The details display the time you sold the shares, the symbol and name of the instrument, the 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.

• This is an annual statement, provided in line with MiFID II regulations, which will show you a breakdown of all the actual costs and charges (as both a cash amount and a percentage) you paid for your investments and services over the previous calendar year to illustrate the direct impact on your annual investment returns.
• The term "ex-post" is Latin for "after the fact." In a financial context, it refers to a report based on actual, historical data rather than estimates. While "ex-ante" disclosures provide an upfront estimate of what you might pay, this ex-post statement confirms exactly what was deducted from your account during the previous year.
• When generating this statement, make sure the time period is correct by selecting "Previous year" before exporting to a PDF document and downloading.

Dividends are displayed in the Account and Income statements. There are currently no separate tax or dividend-specific statements. See more information in our article Dividend taxes.