Tax Free income – Sweden

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:

1. Agriculture income

2. Gift & Inheritance

3. Gratuity, PF & PPF

4. Scholarships

5. Total income up to a certain limit