On Thursday, the Eurex Exchange announced that it received designation by the US Treasury as a “Qualified Board or Exchange.? This falls under section 1256 of the U.S. Internal Revenue code and it allows?U.S. persons 60/40 tax treatment.?
This Treasury ruling is effective for all U.S. persons who trade contracts to receive the 60/40 treatment beginning on March 1 2013. They will now claim 60 percent on their gains or loss on eligible Eurex contracts as long-term capital gains/losses and 40 percent as short-term capital gains/losses.
This is the same for trading on other U.S. futures exchanges.
Michael Peters, member of the Eurex Executive Board, said of the ruling in a press release,??We are very pleased about the U.S. Treasury?s ruling as it will provide significant savings to U.S. persons trading at Eurex and will attract additional liquidity to our markets.??