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Sweden·Skatteverket

Upsales spin-off: Skatteverket allocates acquisition cost 91/9

The agency’s 2026 assessment assigns 91% of the original cost to Upsales and 9% to Aira, subject to the stated conditions for tax-free distribution.

By Taxxa AI Oy · Published 18 August 2026

Tax

Skatteverket has published its acquisition-cost allocation for Upsales Technology AB’s 2026 distribution of shares in AI Revenue Assistant Software Stockholm AB, known as Aira. Its assessment assigns 91% of the original acquisition cost to the retained Upsales shares and 9% to the received Aira shares. The assessment applies from the 2026 tax year.Skatteverket

This allocation rests on a qualification that matters for shareholders and their tax advisers. Upsales told the agency that the conditions for a tax-free distribution under lex Asea were met. Skatteverket says that, if so, the distribution is not taxed immediately; instead, the existing acquisition cost is divided between the two holdings.Skatteverket

According to the company’s information reproduced in the assessment, shareholders received one Aira share for each Upsales share. The record date was 22 May 2026. The last trading day with entitlement was 20 May, followed by the first trading day without entitlement on 21 May.Skatteverket

The agency illustrates the split with an original cost of SEK 30 per Upsales share: SEK 27.30 remains with that share and SEK 2.70 moves to the Aira share received. This is an allocation of the historical acquisition cost. Advisers should check the conditions and reflect the split in the records for both holdings.Skatteverket

Check that the distribution qualifies for lex Asea, then update the acquisition costs recorded for both shareholdings.

Sources

  1. skatteverket 8-218144-2026 - Skatteverkets ställningstagande om fördelning av anskaffningsutgift för aktier med anledning av Upsales Technology AB:s utdelning år 2026 av aktier i AI Revenue Assistant Software Stockholm AB

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