THE LAKE PROJECT
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CAN I CHOOSE WHICH COTTAGE I WANT TO BUY?
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CAN I RESERVE A COTTAGE WITHOUT PURCHASE OBLIGATION?
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WHEN CAN I GET ACCESS TO MY COTTAGE?
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HOW DO I GET ACCESS TO MY COTTAGE?
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IS THE RENTAL INCOME TAXED?
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DO I HAVE TO RENOVATE MY COTTAGE?
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30% ROT DEDUCTION – HOW DOES IT WORK?
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WHAT RIGHTS DO I HAVE AS THE OWNER OF THE COTTAGE?
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CAN I DEMOLISH MY COTTAGE AND BUILD A COMPLETELY NEW ONE?
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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:
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Reserve your own cottage online.
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See which bookings have been made in your cottage.
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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:
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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.
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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.
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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) |
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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) |
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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:
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Your cottage can be rented out for a higher rental price, meaning more rental income.
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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.
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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)
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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.
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Renovation also means creating a higher standard, more comfort, and a more pleasant stay when you yourself are spending time in your cottage.