Tax reduction of 30% of labor costs
The ROT deduction gives you as a private individual greater opportunities to entertain, renovate and build small houses or condominiums. You are offered a tax reduction of 30% of the cost, with a maximum of 50,000 SEK / year and the individual who is the owner.
This means that the possibility of using the deductions is valid. Another advantage is that the tax deduction is possible to use even at your holiday home. You must not be written at the address. The only requirement is that you are the owner.
From 1 July 2016 you will receive tax deduction immediately upon purchase. As a buyer, you only pay 70% labor costs including VAT. The remaining part asks us as a seller from the Swedish Tax Agency and it is not something that buyers need to consider.