Typical Taxes and Fees
When buying or selling a house in Sweden, you will incur several taxes and fees. These may include:
- Stamp duty: This is a tax on the purchase price of the property and ranges from 1.5% to 4.25%.
- Real estate agent fees: If you use a real estate agent to sell or buy a property, you will need to pay their fees, which usually amount to around 1.5% to 3% of the property’s value.
- Legal fees: These fees are paid to the lawyer who handles the transaction. They usually amount to around 0.5% to 1% of the property’s value.
Property Tax
In Sweden, property tax is levied by the local government and is based on the assessed value of the property. The tax rate ranges from 0.75% to 2.8% of the assessed value.
Capital Gains Tax (CGT)
If you sell a property in Sweden, you may be subject to capital gains tax. The tax rate is currently 30% and is applied to the difference between the sale price and the purchase price.
Inheritance Tax
In Sweden, inheritance tax is levied on the value of the inherited property. The tax rate depends on the value of the property and the relationship between the deceased and the heir.
Gift Tax
If you receive a gift of property in Sweden, you may be subject to gift tax. The tax rate depends on the value of the property and the relationship between the giver and the receiver.
Tax on Property Income
If you rent out your property in Sweden, you will be subject to tax on the rental income. The tax rate ranges from 30% to 57%, depending on the amount of rental income.
Tax Advantages
If you buy a house in Sweden and use it as your primary residence, you may be eligible for certain tax deductions. These include deductions for mortgage interest and property tax. Additionally, if you are a first-time homebuyer and the property’s value is less than SEK 1.5 million, you may be eligible for a reduced stamp duty rate of 1.5%.