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Currency exchange taxes

Euro sek euro
axsweden
post 24.May.2012, 01:07 PM
Post #1
Joined: 29.Apr.2011
Hello,

I have an EUR and SEK accounts in Handelsbanken. If transferred EUR from my home country to my Handelsbanken EUR account.

Whant happens if I move money between EUR and SEK accounts and due to different exchanges rates I earn some extra money? Which taxes have to be paid for it?

Thanks!
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Bender B Rodriquez
post 24.May.2012, 01:11 PM
Post #2
Joined: 25.Mar.2006
30% capital gains tax on the profit.
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Yorkshireman
post 24.May.2012, 01:31 PM
Post #3
Joined: 22.Nov.2011
It depends on what the currency exchange is for, so-to-speak. If it is transfer/exchange of monies for general living expenses then it is likely it is exempt.

If the exchanges are more trading purposes, then normal income from capital rules apply. So you can declare both gains (income tax to pay) or losses (tax deductions are available).
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