Income tax on rent, worked example, in Sweden
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NON-RESIDENT COUPLE |
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Non-resident couple's rental income1 | ||||
Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
Annual Rental Income | 18,000 | 72,000 | 144,000 | |
Less: Expense3 | 25% | 4,500 | 18,000 | 36,000 |
= 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% | |
Source: Global Property Guide |
Notes
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.