The information regarding tax consequences in Sweden following the distribution of Electrolux Professional is provided by the Swedish Tax Authority
The distribution of shares in Electrolux Professional is exempt from Swedish taxation under the “Lex Asea-provisions”. For shareholders not tax resident in Sweden, the distribution may, however, entail tax consequences in the shareholder’s country of residence. For US shareholders, form 8937 can be found below under “Documents”. All shareholders are advised to consult domestic tax authorities or advisor as to the specific tax consequences of the distribution.
The advice published by the Swedish Tax Authority on how the tax basis in Electrolux shares should be allocated following the distribution is applicable to shareholders tax resident in Sweden only and can be summarized as follows:
- 72% of the aggregated tax basis in Electrolux Series A shares should be allocated to Electrolux and 28% should be allocated to Electrolux Professional
- 87% of the aggregated tax basis in Electrolux Series B shares should be allocated to Electrolux and 13% should be allocated to Electrolux Professional
Additional information can be found below under “Documents”.