Really? didn't we discuss a Swedish ETF here several years ago? Or am I misremembering.
You are quite correct (there is bitcoin tracker one XBT provider, trading in SEK) but I think that there is a fine line between ETN (such as XBT provider) and ETP/ETF.
Correct me if I am wrong, but i remember someone saying that Sweden has incredibly low capital gains tax rate in some special investment accounts (like low single digits) and that was the whole idea behind this type of funds (such as XBT provider, because you can keep those in the 'special' accounts). Right?
I am not sure how, and don't want to spend too much time investigating. XBT provider is referred to as a "uncollaterized debt instrument".
I managed to buy CXBTF in Fidelity, but some days there is no US market for it due to SEC complains about it.
I guess, i would have to use foreign exchange desk and pay $50 fee when i would like to sell it.
I bought it when btc was 4K or so, so that little tracker had done quite well in Roth, lol.
Ah, yes, that must be the "investeringssparkonto", meaning "investment savings account" Yes the tax is really low, but it is a tax you always pay, even when your assets go down.
Here's an example from the tax authority, i highlighted the important parts.
Example
Peter opens an investment savings account during the first quarter of 2020. He pays in SEK 40,000 during the first quarter and then an additional SEK 20,000 during the third quarter. During the year, the value of Peter's assets in the investment savings account increases (in addition to deposits made).
Calculation of capital base for investment savings account
Value and deposits
Amount
Value at the beginning of the first quarter (January 1)
0 kronor
Value at the beginning of the second quarter (April 1)
+ SEK 41,000
Value at the beginning of the third quarter (July 1)
+ SEK 43,000
Value at the beginning of the fourth quarter (October 1)
+ SEK 65,000
Deposits during the year
+ SEK 60,000
Sum of value and deposits
= SEK 209,000
To obtain the capital base, the sum of value and deposits must be divided by four:
SEK 209,000 ÷ 4 = SEK 52,250.
The standard income that is pre-filled in Peter's declaration
The standard income is calculated by multiplying the capital base by 1.25 percent. The standard income that will be pre-filled in Peter's tax return in 2021 will be SEK 653 (SEK 52,250 x 1.25 percent).
The standard income is taxed at 30 percent
Since the standard income is taxed at 30 percent in the income category capital,
Peter will have to pay SEK 195 in tax on his investment savings account (30 percent of SEK 653). This is 0.375 percent of the capital base (0.375 percent of SEK 52,250).
