Did you know some income is tax-free in Sweden?
–> Gift & Inheritance is major wealth which can be transferred to the next generation tax-free.
–> Most people in Sweden use tax deferral on the sale of apartments, using this profit to buy a villa or bigger-sized apartment. (You can buy in another EU country also.)
–> Gambling winnings are tax-free if the gambling company satisfies some rules mentioned in Skatteverket.
I am from India, and tax-free income in India includes:
- Agriculture income
- Gift & Inheritance
- Gratuity, PF & PPF
- Scholarships
- Total income up to a certain limit