Sweden Tax Court Issues Advance Notice Clarifying Tax Reduction Rules for Installation of Green Technology

The Swedish Tax Court May 13 issued Advance Notice No. 119-25/D, clarifying tax reduction rules for installation of green technology. The taxpayers, co-owners of an agricultural property with residential and economic buildings, planned to install a solar battery to existing solar panels to increase electricity self-consumption in the dwelling house. The taxpayer sought clarification on whether the installation would qualify for a tax reduction under the Income Tax Act, despite a minor portion of electricity being used in an economic building. Upon review, the Tax Court clarified that: 1) to qualify for the tax reduction, both the connection and the ...