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Print articleSwedish Spring Budget 2012
June, 2012 - Peter Utterström, Mikael Knutsson, Johan Kristoffersson and Daniel Gustafsson
Lowered corporate income tax rate
The Government proposes that the Swedish corporate income tax rate should be lowered from the current 26.3 % to 25.3 %. However, it is specifically mentioned that the tax rate later adopted may be even lower depending on the final form of the proposed regulation for limitation of interest deductions.
Reduced real estate fee for rental housing units
According to Swedish law, ownership of housing triggers liability for a municipal real estate fee. The fee for rental housing units is set at the lowest of two variables, either i) an amount per apartment which is calculated with respect to the change to the standard amount or ii) a percentage of the assessed value. The first amount is being reduced from SEK 1 365 to SEK 1 198, while the latter is being brought down from 0.4 % to 0.3 %.
Increased reduction in real estate fee for new construction
The current regulation provides for a reduction in the real estate fee for newly built houses. For the first five years following the value year, which is normally the same as the year the building is completed, the fee is fully reduced. During the five years following this period, the fee is reduced by 50 %. As an incentive for new construction, the government now proposes that the fee should be fully reduced for the first fifteen years following the value year.
Raised standard deduction when letting residences
It is proposed to raise the standard deduction to which lessors of private residences are entitled from the current SEK 21 000 to SEK 40 000.
Various changes in energy tax
The government also presented a new climate and energy tax package. The proposed changes include, inter alia, increased tax on diesel fuel, the abolition of the carbon dioxide tax for heat generation in certain power and heating plants and the introduction of a compulsory quota system aiming to secure a certain percentage of biofuels in petrol and diesel. It is proposed that the latter enters into force during 2014.
Footnotes: Peter Utterström, |
