Does Sweden have a capital gains tax regime?
A. Capital gains are taxed as income from capital. Generally, the amount of the gain is the disposal proceeds less the acquisition cost of the assets. The method for computing the gain varies depending on the type of capital gain realized. Q. What do I need to know about any other tax regime, e.g. inheritance, estate or wealth tax? A. Life insurance: Residents in Sweden are liable to tax on returns from foreign (non-Swedish) life insurance invested in or contributed to after 1 January 1997. The tax liability covers private (non-employment-related) insurance as well as insurance where the employer contributes. Foreign tax paid can generally be credited against the Swedish tax. Estate: Individuals are liable to pay a municipal fee on real property in Sweden. Inheritance/gift tax: As of 1 January 2005, the inheritance and gift tax in Sweden has been abolished. Wealth tax: As of 1 January 2008 (with retroactive effect from 1 January 2007), the net wealth tax in Sweden has been abolished.
