Sweden plans to temporarily raise a tax rebate homeowners can claim on eligible renovation projects, the country’s finance ministry announced Friday.
The rebate, which is currently capped at 30% of labor costs associated with home repairs, conversions and extensions, would be raised to 50% from May 12 to Dec. 31 under the proposal.
The mesure is part of a 5.8 billion Swedish krona ($574.5 million) package to support Sweden’s fledgling economic recovery, the ministry said in a press release.
- The maximum allowable rebate of 50,000 Swedish krona per homeowner per year would not change.
- The measure is ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.