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THE LAKE PROJECT

  1. CAN I CHOOSE WHICH COTTAGE I WANT TO BUY?

  2. CAN I RESERVE A COTTAGE WITHOUT PURCHASE OBLIGATION?

  3. WHEN CAN I GET ACCESS TO MY COTTAGE?

  4. HOW DO I GET ACCESS TO MY COTTAGE?

  5. IS THE RENTAL INCOME TAXED?

  6. DO I HAVE TO RENOVATE MY COTTAGE?

  7. 30% ROT DEDUCTION – HOW DOES IT WORK?

  8. WHAT RIGHTS DO I HAVE AS THE OWNER OF THE COTTAGE?

  9. CAN I DEMOLISH MY COTTAGE AND BUILD A COMPLETELY NEW ONE?

  10. COOPERATIVE HOUSING OR OWNERSHIP?

1. CAN I CHOOSE WHICH COTTAGE I WANT TO BUY?

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Yes, there are 50 cottages to choose from, of which 38 are the cottages in our South and North Village, which are sold at a fixed price according to the first-come, first-served principle. The other 12 cottages are our premium cottages F01-F10, and N01 and S13. These premium cottages are sold to those with the highest bid. The bidding has already started on July 20 and will continue until LCS decides that a certain bid will be approved and then the cottage will be sold to that bidder. On our website you will be able to see which cottages are still for sale and which of them already have been sold.

If you want to take part in the bidding of our premium cottages you can register on our broker’s website hemverket.se, which will give you access to the bidding platform, where you even will be able to see the other biddings.

If you are interested in one of our 38 cottages which are sold for a fixed price, then you can simply contact the owner at bert.lock@langasjonas.com or by phone: +46 738 170864.

2. CAN I RESERVE A COTTAGE WITHOUT PURCHASE OBLIGATION?

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When you are interested in one of our cottages, you have the opportunity to reserve the cottage for 7 days, so that you have extra time to think about whether you really want to buy the cottage and have time to arrange the financing. After these 7 days, the reservation ends, and the cottage can be bought or reserved by other interested parties.

3. WHEN CAN I GET ACCESS TO MY COTTAGE?

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It can go very quickly. After you have written the purchase agreement and the payment has been received, you have access to your cottage.

4. HOW DO I GET ACCESS TO MY COTTAGE?

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You can log in via your own personal Owners Portal, which only you have access to. Here you can:

  • Reserve your own cottage online.

  • See which bookings have been made in your cottage.

  • See how much rental income these bookings have generated.

We offer you the opportunity to book your own cottage for the coming year in the period from 01.10 – 15.10 each year. During that period, you can reserve your cottage in your Owners Portal.

After October 15, the booking system will be released for other guests. If you are not yet sure when you want to stay in your cottage, you can of course still book your cottage at a later stage. You can even book today and come tomorrow, provided of course that your cottage has not been booked by a guest.

When you check in, you collect the keys at the reception, just like any other guest. Everything goes through the reception, where we have control over check-outs, check-ins, but also the cleaning and inspection of the cottages.

5. IS THE RENTAL INCOME TAXED?

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In most cases no taxes need to be paid on the rental income, as the amount of income is most times less than the tax threshold. But because each country has different tax regulations, it is recommended to check the tax regulations in your country.

The information below on the ROT deduction applies only to persons residing in Sweden and paying tax in Sweden:

  • All rentals through the LCS (known as an intermediary company), are in principle tax-free. Only rental income exceeding 40000 sek (when there is a single owner) or 80000 sek (when there are two owners) is taxed and added to your annual income.

  • When you buy one of our premium F-cottages, you exceed this amount of 40 000 SEK and will therefore have to pay a small amount of income tax to the Swedish Tax Agency.

  • However, if you buy a premium cottage as a couple, you will instead receive SEK 80 000 tax-free and are likely to stay below the tax threshold. And even if you exceed the duty-free limit, you will only pay a small amount of tax on the amount exceeding this 80 000 sek.

NOTE: In case you buy a cottage with a 50% payment and paying the other 50% with your future rental income, you will not have a rental income to declare to the tax authorities in the first years, as this income is used to pay off the other 50% of the purchase price. In this situation you will not have any actual rental income, and therefore no declaration to the tax authorities needs to be made!

Each year, you will receive an annual report from us that shows how much income you have received. This annual overview can be used – when necessary – when you fill in the annual tax return. Two examples:

RENTAL INCOME 1 OWNER
SOUTHERN OR NORTHERN HOLIDAY VILLAGE
RENTAL INCOME (SEK)
A. 100% rental income in 2024
90 000
B. 50% rental income to owners
45 000

C. Standard tax credits
40 000
D. Additional tax deductions (B x 20%)
9 000
E. Total tax credit (C+D)
49 000

Rental income after tax deductions (B-E)
–4 000
Rental income after tax deductions is minus 5000 sek, which means you don’t pay any tax!
RENTAL INCOME 2 OWNERS
PREMIUM COTTAGE F04 TALLÅSEN
RENTAL INCOME (SEK)
A. 100% rental income in 2024
180 000
B. 50% rental income to owners
90 000

C. Standard tax credits
40 000 x 2 persons = 80 000
D. Additional tax deductions (B x 20%)
18 000
E. Total tax credit (C+D)
98 000

Rental income after tax deductions (B-E)
–8 000
Rental income after tax deductions is minus 8000 sek, which means you don’t pay any tax!

To learn more about how the Swedish Tax Agency handles rental income, you can read more via the following two links:

6. DO I HAVE TO RENOVATE MY COTTAGE?

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There is no obligation to renovate your cottage. You choose if you want to renovate or not. Keep in mind however that renovating your cottage has many advantages:

  1. Your cottage can be rented out for a higher rental price, meaning more rental income.

  2. We can rent out your cottage more often, as our guests are mostly looking for higher standard accommodation. This will result in more rental income.

  3. We can rent out your cottage year-round, which also means more rental income. (Exception: Our premium cottages F02-F07 need to close December-March period, as long as there is only water in summer)

  4. You are creating extra value in your cottage, which for a large part is paying back itself the day you decide to sell your cottage.

  5. Renovation also means creating a higher standard, more comfort, and a more pleasant stay when you yourself are spending time in your cottage.

To see the differences in return on investment, you can click on the various photos under the chapter “Costs, rental income & ROI”. Here are some calculations for renovated cottages versus non-renovated cottages.

7. 30% ROT DEDUCTION - HOW DOES IT WORK?

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The following only counts for Swedish residents: Every Swedish (tax-paying) resident is entitled to an annual ROT-deduction via the Swedish Tax Agency up to SEK 75,000 per year. This amount applies per person. If you buy a cottage (or other property) as a couple or cohabitant, both are entitled to this amount.

If you carry out a renovation or rebuild your cottage through a construction company or other registered craftsman, you get 30% of the labor costs paid by the Swedish Tax Agency through ROT deductions up to a maximum of SEK 75,000 per year. If you are two people, this is SEK 150,000.

Every year the ROT deduction amount is reset to zero and you can get the full amount again the next year. This ROT deduction will be automatically deducted from your invoice as an additional discount. The company carrying out the renovation or building project, reports this ROT deduction to the Swedish Tax Agency and takes care of the administration. You don’t have to do anything. You will see the amount of the ROT deduction on your invoice.

8. WHAT RIGHTS DO I HAVE AS THE OWNER OF THE COTTAGE?

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When you buy a cottage, you become the sole owner to 100%. If one day you would decide to sell it again, you can sell it via any broker or via us. As the owner, you also have the first choice of the days and weeks you want to spend in your cottage, as explained in the section ‘How many days can I stay in my cottage? You can spend up to 60 days per year in your cottage, of which 21 days are in the high season period 01.06 – 31.08. You can even stay more than 60 days per year in your cottage if you wish, in which case you pay the normal price, but as you are entitled to your 50% (or even 60%) rental income, you only pay 50% (or even 40%) for these extra days. You can also make last minute bookings on top of your 60 days. You will then only pay 10% of the daily rate.

9. CAN I DEMOLISH MY COTTAGE AND BUILD A COMPLETELY NEW ONE?

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You have the option of demolishing the existing cottage and building a brand new one, according to the building permit that already exists. We already have a building permit granted by the building committee and we have also built such a new cottage (Holiday Home N01). The building permit costs have already been paid by us and this permit is valid until 2026, so if you would like to build a brand-new Holiday Home of 50 m2, in the same way as Holiday Home N01, you can do so. The permit is approved and paid for, all the drawings are ready, all the documents are there to start building new. You can contact us when you are interested in building completely new. When you want to demolish the cottage and build a new one, according to your own drawings, you can apply for a building permit from the Karlshamns Building Committee .

10. COOPERATIVE HOUSING OR OWNERSHIP?

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Our cottages are not sold via a cooperative association with the right to live in a specific condominium. You are therefore not buying a condominium in a cooperative association, but you are really buying your cottage 100% and you own the cottage for 100%. If you buy a cottage within The Lake Project you own the cottage (right of ownership) and you can also sell it as any other property, by means of a broker. However, you do not own the land, which is owned by Karlshamns Municipality, which in turn has given the land under a land rights agreement to Långasjönäs Camping & Stugby. Costs for this agreement are paid for by LCS.