Income tax on rent, worked example, in Sweden
January 29, 2018
|Non-resident couple's rental income1|
|Monthly Rental Income2||1,500||6,000||12,000|
|Annual Rental Income||18,000||72,000||144,000|
|= Taxable Income||13,500||54,000||108,000|
|Income Tax 4|
|Up to SEK 455,300||0%||-||-||-|
|SEK455,300 - SEK 662,300||20%|
|Over SEK 662,300||25%|
|Annual Income Tax Due||-||1,215||13,929|
|Tax Due as % of Gross Income||0.00%||1.69%||9.67%|
Global Property Guide
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 9.50 SEK
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at progressive rates.