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 |
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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.
