K4 - Sales of securities, the Reversal of deferment tab

Under K4 - Sales of securities, the tab Reversal of deferment, you report the year's return of previous deferral amounts. The deferral amount is transferred to INK1, field 7.4.

Previous rules on taxation in exchange of shares

If you participated in a share exchange in the years 1999-2000, the rules on deferral with taxation on share exchange were applied. If you exchanged marketable shares in 2001, you could choose between the rules on deferred taxation or the rules on advance taxation. In 2002, the provisions on advance taxation were compulsory if you exchanged marketable shares.

The regulations about deferments meant that the exchanged shares were considered to be sold, but the taxation of all or part of the profit could be deferred. The part of the profit that was deferred (the deferred amount) was distributed to the received shares and will be taxed no later than the year when the received shares are sold. If you have only sold part of the received shares, only the part of the deferred amount that belongs to the sold units should be returned. When the regulation was changed, the Swedish Tax Agency determined a new cost of acquisition for the received shares.

Accepted deferral amounts should be taxed:

• when the ownership of the shares is transferred to someone else, for example when they are sold
• when the units cease to exist, for example in the event of a merger or bankruptcy
• when moving from a country within the EEA area to a country outside the EEA area
• when the shares are transferred to an investment savings account

However, the deferral amount does not need to be taxed if the ownership passes through inheritance, will, gift or division of property.

You may return a deferred tax return at any time, in whole or in part. You report the deferred amount on K4, section B. This applies regardless of whether you return the deferment voluntarily or as a result of any of the bullets listed above.

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