Sunday, April 26, 2015

Watch out in the declaration if you have these shares – Swedish newspaper Svenska Dagbladet

– This is a special effort this year. We have made an analysis where we see that there is much wrong in this area, says Johan Schauman, business developer at Swedish Tax Agency.

– The rules omkostnadsbeloppsberäkning are difficult and they are especially difficult when it was spin-offs, emissions or splits. Therefore, we have selected some securities that are common among ordinary people and where there have been many such things.

It is rather major public shares rather than narrow shares of small cap lists to be checked us hard this year. Volvo, Scania and Vostok Nafta are some of them.

But that’s far from all sales under review, the Swedish Tax Agency will carry out spot checks.

– More than 90 percent of Swedes are selling less than ten shares in a year. 540 000 of the 600 000 who sells shares only make a few sales, and prerequisites are after.

Anyone who miscalculated can go on penalties, but there are also people who counted failure to their own detriment and sometimes the Tax Agency instead adjust down the treasure after verification.

Those who find it difficult to figure out the tax basis of shares can get a lot of help on the Tax Agency website. The site includes information on emissions, splits and spin-offs for all Swedish listed shares.

– We know that the rules for calculating the tax basis is difficult to apply, but the site may help with that.

However, if you has your stocks and mutual funds on an ISK Account (Investment Savings Account) or in an endowment, you do not fill in anything yourself. When not taxed every business, but the tax is calculated at a flat rate based on your holdings. Your bank then submits a control task that is pre-populated in the declaration.

Last year sold over 600 000 Swedish equities and other securities. To make it easier to declare are selling, number and name of the security has already been filled in the Tax e-service.

In addition to extraordinary control of shares, the Tax Agency also make a particular control input of residential sales in this year’s tax return.

Click through to see which 13 shares Tax Board examines extra careful this year.

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