Sweden Proposes to Increase Income Tax Thresholds Related to Real Estate Capital Gains

The Swedish Government Sept. 8 proposed increased income tax thresholds related to real estate, to reduce tax on capital gains. The proposal includes measures to increase: 1) the threshold for capital gains tax, to 42,000 Swedish kronor (US$ 3,792) from 5,000 kronor (US$451), on transfers of land, transfers of a share in a partnership under real estate regulations, and lot splitting; 2) the standard amount of expenses for perpetual leases, to 12,000 kronor (US$1,083) from 5,000 kronor (US$451); and 3) the threshold for taxation of income from partnerships, to 1,500 kronor (US$135) from 600 kronor (US$54). [Sweden, Government Portal, 09/08/23] ...