Previous redemption programs

How to handle Sectra’s redemption share program 2017 in your Swedish tax return

[Swe] Deklarationshjälp på svenska: Så deklarerar du Sectras inlösenaktier i Sverige

In your Swedish tax assessment, a redemption or sale of redemption shares (designated SECT IL A and SECT IL B) is to be declared as a sale of shares on Form K4. The calculation of the acquisition fees for redemption shares can be carried out in one of two ways:

  • According to the general advice issued by the Swedish Tax Agency, which entails that you allot a certain portion of the relevant acquisition fees for the original shares to redemption shares.
  • Alternatively, the standard rule can be applied if the transaction pertains to Class B redemption shares.

Example based on the general advise from the Swedish Tax Agency

According to the general advice issued by the Swedish Tax Agency regarding the redemption program 2017, 96.8% of the acquisition fees for an original Class A or Class B share in Sectra AB should be attributed to remaining shares and 3.2% to redemption shares of the respective class.

A shareholder owns one (1) Sectra share with an acquisition cost of SEK 100 immediately prior to the share split. Accordingly, the acquisition cost allocated to each redemption share should be (SEK 100 x 0.032 =) SEK 3.20. The acquisition cost of the remaining share will then be (SEK 100 – 3.20 =) SEK 96.80. If the redemption shares were disposed of (through sale or redemption) at a price of SEK 4.50, the capital gain calculated based on the general advice is (SEK 4.50 – 3.20 =) SEK 1.30.

Example based on the standard rule

Since the Class B redemption shares were traded for a certain period of time, these can be regarded as listed. However, the class A redemption shares are not regarded as listed and, accordingly, the standard rule cannot be applied to them.

The standard rule entails that the acquisition cost is equal to 20% of the net proceeds for the redeemed or sold redemption shares. This corresponds to an acquisition fee of (4.50 x 0.2=) SEK 0.90 per redemption share redeemed.

If the payment for a Class B redemption share amounted to SEK 4.50 through sale or redemption, calculation using the standard method would generate a capital gain of (SEK 4.50 – 0.90 =) SEK 3.60.

Information published by the Swedish Tax Agency (in Swedish only)

 

Share redemption program 2017

For the 2016/2017 fiscal year, the 2017 Annual General Meeting (AGM) resolved to transfer SEK 4.50 per share to shareholders through a redemption procedure. No ordinary dividend was proposeded.

For more detailed information regarding the redemption program:

[SV] För räkenskapsåret 2016/2017 beslutade årsstämman 2017 att överföra 4,50 kronor per aktie till aktieägarna genom ett inlösenprogram. Ingen ordinarie utdelning föreslogs.

 

Time table

  • September 13: Decision by the Annual General Meeting
  • September 29: Last day of trading in Sectra shares before split, including the right to redemption shares
  • October 2: First day of trading in Sectra shares after the split, excluding the right to redemption shares
  • October 3: Record day for the share split. Every share will be divided into two shares, of which one will be a redemption share
  • October 4–13: Trading in redemption share
  • October 17: Record day for redemption of redemption shares
  • October 20: Preliminary date for payment of redemption settlement via Euroclear Sweden AB

 

ISIN Codes

  • Redemption shares 2017
    SECT IL A: SE0010133827
    SECT IL B: SE0010133835
  • Ordinary shares before split/incl. right to redemption shares
    SECT AK A: SE0008613962
    SECT AK B: SE0008613970
  • Ordinary shares after split/excl. right to redemption shares
    SECT AK A: SE0010133801
    SECT AK B: SE0010133819
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How to handle Sectra’s redemption share program 2017 in your Swedish tax return

[Swe] Deklarationshjälp på svenska: Så deklarerar du Sectras inlösenaktier i Sverige

In your Swedish tax assessment, a redemption or sale of redemption shares (designated SECT IL A and SECT IL B) is to be declared as a sale of shares on Form K4. The calculation of the acquisition fees for redemption shares can be carried out in one of two ways:

  • According to the general advice issued by the Swedish Tax Agency, which entails that you allot a certain portion of the relevant acquisition fees for the original shares to redemption shares.
  • Alternatively, the standard rule can be applied if the transaction pertains to Class B redemption shares.

Example based on the general advise from the Swedish Tax Agency

According to the general advice issued by the Swedish Tax Agency regarding the redemption program 2017, 96.8% of the acquisition fees for an original Class A or Class B share in Sectra AB should be attributed to remaining shares and 3.2% to redemption shares of the respective class.

A shareholder owns one (1) Sectra share with an acquisition cost of SEK 100 immediately prior to the share split. Accordingly, the acquisition cost allocated to each redemption share should be (SEK 100 x 0.032 =) SEK 3.20. The acquisition cost of the remaining share will then be (SEK 100 – 3.20 =) SEK 96.80. If the redemption shares were disposed of (through sale or redemption) at a price of SEK 4.50, the capital gain calculated based on the general advice is (SEK 4.50 – 3.20 =) SEK 1.30.

Example based on the standard rule

Since the Class B redemption shares were traded for a certain period of time, these can be regarded as listed. However, the class A redemption shares are not regarded as listed and, accordingly, the standard rule cannot be applied to them.

The standard rule entails that the acquisition cost is equal to 20% of the net proceeds for the redeemed or sold redemption shares. This corresponds to an acquisition fee of (4.50 x 0.2=) SEK 0.90 per redemption share redeemed.

If the payment for a Class B redemption share amounted to SEK 4.50 through sale or redemption, calculation using the standard method would generate a capital gain of (SEK 4.50 – 0.90 =) SEK 3.60.

Information published by the Swedish Tax Agency (in Swedish only)

 

Share redemption program 2017

For the 2016/2017 fiscal year, the 2017 Annual General Meeting (AGM) resolved to transfer SEK 4.50 per share to shareholders through a redemption procedure. No ordinary dividend was proposeded.

For more detailed information regarding the redemption program:

[SV] För räkenskapsåret 2016/2017 beslutade årsstämman 2017 att överföra 4,50 kronor per aktie till aktieägarna genom ett inlösenprogram. Ingen ordinarie utdelning föreslogs.

 

Time table

  • September 13: Decision by the Annual General Meeting
  • September 29: Last day of trading in Sectra shares before split, including the right to redemption shares
  • October 2: First day of trading in Sectra shares after the split, excluding the right to redemption shares
  • October 3: Record day for the share split. Every share will be divided into two shares, of which one will be a redemption share
  • October 4–13: Trading in redemption share
  • October 17: Record day for redemption of redemption shares
  • October 20: Preliminary date for payment of redemption settlement via Euroclear Sweden AB

 

ISIN Codes

  • Redemption shares 2017
    SECT IL A: SE0010133827
    SECT IL B: SE0010133835
  • Ordinary shares before split/incl. right to redemption shares
    SECT AK A: SE0008613962
    SECT AK B: SE0008613970
  • Ordinary shares after split/excl. right to redemption shares
    SECT AK A: SE0010133801
    SECT AK B: SE0010133819
More Less

How to handle Sectra’s redemption share program 2017 in your Swedish tax return

[Swe] Deklarationshjälp på svenska: Så deklarerar du Sectras inlösenaktier i Sverige

In your Swedish tax assessment, a redemption or sale of redemption shares (designated SECT IL A and SECT IL B) is to be declared as a sale of shares on Form K4. The calculation of the acquisition fees for redemption shares can be carried out in one of two ways:

  • According to the general advice issued by the Swedish Tax Agency, which entails that you allot a certain portion of the relevant acquisition fees for the original shares to redemption shares.
  • Alternatively, the standard rule can be applied if the transaction pertains to Class B redemption shares.

Example based on the general advise from the Swedish Tax Agency

According to the general advice issued by the Swedish Tax Agency regarding the redemption program 2017, 96.8% of the acquisition fees for an original Class A or Class B share in Sectra AB should be attributed to remaining shares and 3.2% to redemption shares of the respective class.

A shareholder owns one (1) Sectra share with an acquisition cost of SEK 100 immediately prior to the share split. Accordingly, the acquisition cost allocated to each redemption share should be (SEK 100 x 0.032 =) SEK 3.20. The acquisition cost of the remaining share will then be (SEK 100 – 3.20 =) SEK 96.80. If the redemption shares were disposed of (through sale or redemption) at a price of SEK 4.50, the capital gain calculated based on the general advice is (SEK 4.50 – 3.20 =) SEK 1.30.

Example based on the standard rule

Since the Class B redemption shares were traded for a certain period of time, these can be regarded as listed. However, the class A redemption shares are not regarded as listed and, accordingly, the standard rule cannot be applied to them.

The standard rule entails that the acquisition cost is equal to 20% of the net proceeds for the redeemed or sold redemption shares. This corresponds to an acquisition fee of (4.50 x 0.2=) SEK 0.90 per redemption share redeemed.

If the payment for a Class B redemption share amounted to SEK 4.50 through sale or redemption, calculation using the standard method would generate a capital gain of (SEK 4.50 – 0.90 =) SEK 3.60.

Information published by the Swedish Tax Agency (in Swedish only)

 

Share redemption program 2017

For the 2016/2017 fiscal year, the 2017 Annual General Meeting (AGM) resolved to transfer SEK 4.50 per share to shareholders through a redemption procedure. No ordinary dividend was proposeded.

For more detailed information regarding the redemption program:

[SV] För räkenskapsåret 2016/2017 beslutade årsstämman 2017 att överföra 4,50 kronor per aktie till aktieägarna genom ett inlösenprogram. Ingen ordinarie utdelning föreslogs.

 

Time table

  • September 13: Decision by the Annual General Meeting
  • September 29: Last day of trading in Sectra shares before split, including the right to redemption shares
  • October 2: First day of trading in Sectra shares after the split, excluding the right to redemption shares
  • October 3: Record day for the share split. Every share will be divided into two shares, of which one will be a redemption share
  • October 4–13: Trading in redemption share
  • October 17: Record day for redemption of redemption shares
  • October 20: Preliminary date for payment of redemption settlement via Euroclear Sweden AB

 

ISIN Codes

  • Redemption shares 2017
    SECT IL A: SE0010133827
    SECT IL B: SE0010133835
  • Ordinary shares before split/incl. right to redemption shares
    SECT AK A: SE0008613962
    SECT AK B: SE0008613970
  • Ordinary shares after split/excl. right to redemption shares
    SECT AK A: SE0010133801
    SECT AK B: SE0010133819
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