- When a seller transfers a property and also undertakes to construct a turnkey building on it, the Swedish Tax Agency considers the delivery of the property to occur on the possession date, as that is when the buyer gains ownership. The same applies to land sales where the seller commits to developing or completing the land. In conditional contracts, the buyer’s rights are often limited, and any cancellation must apply to the entire contract. Construction or development continues until the property or land can be used as intended. In such cases, construction companies must self-account for VAT on taxable services performed until the possession date.
Source: www4.skatteverket.se
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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