KD's election promise: Abolish the
Photo: Jessica Gow/TT

KD's election promise: Abolish the relocation tax in the next term

The Christian Democrats are campaigning to abolish the capital gains tax, or "movement tax," in the next term.

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The unfair relocation tax affects many Swedes and creates major lock-in effects in the housing market, says KD leader Ebba Busch.

KD has previously proposed reducing the capital gains tax of 22 percent on profits from housing transactions by 2 percentage points per year, starting once the owner has had the home for five years. After 16 years, the reductions would result in a capital gains tax of zero.

This will be one of our important election promises, says Busch.

If fully implemented, the abolition would cost SEK 12–15 billion a year. It will be financed by reprioritizing within the budget, not through loans, according to KD.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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