is it correct to say that shorting call/put just for hedging own assets won't get you considered a professional trader and that the premiums paid by those trades are not considered for income taxes but only for wealth taxes?
I couldn't manage to find anything official on that.
If you do please provide a link from fedlex.
The relevant criterion in the "Vorprüfung" in Kreisschreiben 361 is:
I.e. trading options solely for hedging your own positions won't trigger reclassification as professional trader. To be safe, you need to fulfill the other 4 criteria as well, though.
"3.3 Derivative Finanzinstrumente" in Kreisschreiben 152 says:
I.e. option premiums are not subject to income tax. Profits from option trading are considered capital gain, which is tax free as private investor.
Not sure why but the URLs got broken somehow.
Here is the page to the Kreisschreiben (searching for 1-036 and 1-015 will do)