On 18 March 2013, the Swedish Advance Ruling Board (Skatterättsnämden) (the Board) gave its advanced ruling in the case X Ab regarding the deductibility of a currency loss arising from a transfer of shares (recently published). Details of the case are summarized below.

(a) Facts. A Swedish Company (SE Co) intended to sell its shares in a UK company (UK Co). The shares of UK Co were denomin…

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