DealMakerz

Complete British News World

skatteverket-ny-shutterstock

More generous tax rules for gifts—the amount doubles this year—so many people take advantage of the discount

In 2021, about 440,000 people received a tax break for gifts. In total, it was SEK 400 million and the average tax reduction was SEK 912. In Jönköping County, the highest average amount of SEK 936 was recorded. It is provided by the Swedish Tax Agency in a press release.

This year, the maximum tax deduction was raised from SEK 1,500 to SEK 3,000. This means that The amount of a gift that can provide a tax break has been raised from 6,000 SEK to 12,000 SEK because the tax cut is 25 percent, the authority knows.

– Anyone who gives more than SEK 200 to registered gift recipients will receive control information for next year’s declaration. To get a share of the tax reduction, the total amount for accredited organizations must be at least SEK 2,000, Helena Gangl Stride, business developer at the Swedish Tax Agency, says in a comment.

The authority’s website shows gift recipients who are registered and therefore covered with the tax deduction.

Schedule: Gift tax cuts for 2021 and 2020. Source: IRS

year Total amount (Krona) Quantity
People
Average amount per capita (Krona)
2021 404440307 443,537 912
2020 37318564 414,744 900