If resident in Sweden at the end of the income year, individuals, undistributed estates of deceased residents and family trusts are subject to a wealth tax on taxable property owned at home and abroad at the end of the income year. In 1995 taxable net worth (net assets, including real property, stocks and bonds, automobiles and bank accounts, less liabilities) of up to SEK 800,000 is not subject to tax. Taxable net worth in excess of that amount is taxed at a rate of 1.5%.

The contents of this article are intended as a general guide to the subject matter. Specialist advice should be sought for your specific circumstances.

For further information contact Per Snellman on Tel: +468 613 9000 0r Fax: +468 791 7511; or enter a text search 'Ernst & Young' and 'Business Monitor'.