To link to this article, copy this persistent link:
(Dec 03, 2009) The Swedish Parliament enacted a bill on November 25, 2009, that amends and liberalizes existing law on the tax applied to individuals in cases of exchange of shares. The new rules, adopted as Prop. 2009/2010:24, will come into force on January 1, 2010. (Emma Nilsson, Rules on Tax Deferral for Individuals Amended, IBFD TAX NEWS SERVICE, Dec. 1, 2009, via email from firstname.lastname@example.org.)
Capital gains from exchanges of shares for shares in an acquired company have been eligible for a tax deferral until the new shares are sold or until the shareholder ends residence in Sweden. Under the amended rules, the shareholder may still be eligible for the deferral of taxes even after leaving the country, if that shareholder moves to another European Economic Area (EEA) country. In addition, the deferral will be available to those shareholders resident in other EEA countries at the time of the share exchange, if that shareholder was a resident of Sweden at some time in the year of the exchange of shares or in the ten preceding years. (Id.)
The EEA comprises countries that are members of the European Union or the European Trade Association. It includes Iceland, Liechtenstein, and Norway, which are not members of the European Union. (European Economic Area, European Commission website, http://ec.europa.eu/external_relations/eea/ (last visited Dec. 3, 2009).)
|Author:||Constance Johnson More by this author|
|Topic:||Taxation More on this topic|
|Jurisdiction:||Sweden More about this jurisdiction|
Search Legal News
Find legal news by topic, country, keyword, date, or author.
Global Legal Monitor RSS
Get the Global Legal Monitor delivered to your inbox. Sign up for RSS service.
The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can find previous news by searching the GLM.
Last updated: 12/03/2009