KU40

KU40 is the reporting for sales of securities that are mutual funds. Detailed information can be found here: Lämna kontrolluppgifter | Skatteverket

Since you can create your transaction types in BFS we cannot assume that you have used the default transaction type to reflect sales of instruments so you need to define the transaction types to include.

To illustrate this we have created a test user with an account called KU40 where we have conducted a few trades during the year.

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In the transaction list, three transactions represent sales, one for a fund called Fund 4 Not marketplace, one called Fund 3 Interest fund, and one for Fund 2 Normal. To double-check which transaction type has been used, we can click on the info icon in front of the transaction.

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Here we see the transaction type called Default_Trade_Sell.

In the Tax Reporting Application, we will click on Get Excel for KU40.

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This will open the following form.

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In the form, we have selected the transaction type Default_Trade_Sell as the only transaction type to include. As for instrument types we have selected Mutual Funds and ETFs. For KU40 the instruments must be categorized correctly with regards to if the fund is not marketplace traded and if the fund is classified as an interest fund. This should be done by using instrument categories. These categories must be set up under the category group called "Tax", with the following string as label and key: "Tax_SE_NotTradedAtMarketplace" and "Tax_SE_InterestFund".

Instrument categories are described here: Instrument Categorization.

If we click on Fund 4 in BFS and then click Edit in the action menu and navigate to the third tab we will see the selected categorization.

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If we click on Fund 3 in BFS and then click Edit in the action menu and navigate to the third tab we will see the selected categorization.

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The next setting is what account types to include. Since you can create your account types in BFS we cannot assume that you have used the default account types so you need to select these. For example, you should not include the ISKAccount which is included in KU30.

The last setting is how the earnings from the sale should be reported.

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For KU40 we can select if we should only report the sale amount (proceeds from the sale) or if we want to report the resulting earnings or loss from the sale. It is important to remember that it can be difficult to report the result if a part of the position was transferred from an external account since we will have no way of knowing what the customer paid for the position at the external broker. If we still opt to use the result option we must make sure that customers have updated any acquisition values for positions that have been transferred into BFS. For this example, we will start by using the Sale Amount.

Once we are happy with the settings we should click on Get Excel.

This action will download the Excel file for us.

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The Excel file will have the following columns.

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The fields mean the following.

If we for some reason are not happy with the contents of the tax report we can change this directly in the Excel sheet.

Now we are ready to create the tax report for KU40 and we do this by importing the Excel sheet.

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The uploaded file will appear at the bottom of the page and we can also select if we would like to create PDF files for the customer of the KU's that we are reporting so that the customer can log on to BFS and download their KU's as verifications. For this example, we will generate the PDF files by checking the box for this and then click on Download tax report.

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We will now receive a compressed zip file with the KU-reports that we generated.

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The zip file contains an XML file (the format that should be uploaded to the tax agency) for each KU report type.

For the example that we just created the XML file looks like this.

KU40 Sale Amount

If Earnings/Loss was selected in the settings section the XML-file will look like this.

KU40 Earnings/Loss

The information at the top of the XML file called "Avsandare" and "Uppgiftslämnare" is configured in the settings section for the reporting tool which was described here: Sweden

We can also navigate to the test user in BFS and make sure that the PDF file was created there, one for each report setting.

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The pdf files look like this.

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