diff --git a/code/renderers/svelte/src/components/PreviewRender.svelte b/code/renderers/svelte/src/components/PreviewRender.svelte
index af881443b651..446a8c0eed6d 100644
--- a/code/renderers/svelte/src/components/PreviewRender.svelte
+++ b/code/renderers/svelte/src/components/PreviewRender.svelte
@@ -1,8 +1,12 @@
+<script context="module">
+  export const ARG_TYPES_CONTEXT_KEY = 'storybook/argTypes';
+</script>
+
 <script>
+  import { setContext } from 'svelte';
   import SlotDecorator from './SlotDecorator.svelte';
   import { dedent } from 'ts-dedent';
 
-  export let svelteVersion;
   export let name;
   export let title;
   export let storyFn;
@@ -16,6 +20,8 @@
     props = {},
     /** @type {{[string]: () => {}}} Attach svelte event handlers */
     on,
+    /** @type {boolean} whether this level of the decorator chain is the last, ie. the actual story */
+    isOriginalStory,
   } = storyFn();
 
   let firstTime = true;
@@ -30,19 +36,17 @@
         Component,
         props,
         on,
+        isOriginalStory,
       };
     }
     return storyFn();
   }
 
   // reactive, re-render on storyFn change
-  $: ({ Component, props = {}, on } = getStoryFnValue(storyFn));
+  $: ({ Component, props = {}, on, isOriginalStory } = getStoryFnValue(storyFn));
 
-  const eventsFromArgTypes = Object.fromEntries(
-    Object.entries(storyContext.argTypes)
-      .filter(([k, v]) => v.action && props[k] != null)
-      .map(([k, v]) => [v.action, props[k]])
-  );
+  // set the argTypes context, read by the last SlotDecorator that renders the original story
+  setContext(ARG_TYPES_CONTEXT_KEY, storyContext.argTypes);
 
   if (!Component) {
     showError({
@@ -56,4 +60,4 @@
   }
 </script>
 
-<SlotDecorator {svelteVersion} {Component} {props} on={{ ...eventsFromArgTypes, ...on }} />
+<SlotDecorator {Component} {props} {on} {isOriginalStory} />
diff --git a/code/renderers/svelte/src/components/SlotDecorator.svelte b/code/renderers/svelte/src/components/SlotDecorator.svelte
index cf5849113a25..c69a75036d57 100644
--- a/code/renderers/svelte/src/components/SlotDecorator.svelte
+++ b/code/renderers/svelte/src/components/SlotDecorator.svelte
@@ -1,23 +1,43 @@
 <script>
-  import { onMount } from 'svelte';
+  import { onMount, getContext } from 'svelte';
+  import { VERSION as SVELTE_VERSION } from 'svelte/compiler';
+  import { ARG_TYPES_CONTEXT_KEY } from './PreviewRender.svelte';
 
-  export let svelteVersion;
   export let decorator = undefined;
   export let Component;
   export let props = {};
   export let on = undefined;
-  
+  export let isOriginalStory = false;
+
   let instance;
   let decoratorInstance;
-  
-  if (on && svelteVersion < 5) {
+
+  const IS_SVELTE_V4 = Number(SVELTE_VERSION[0]) <= 4;
+
+  /*
+    Svelte Docgen will create argTypes for events with the name 'event_eventName'
+    The Actions addon will convert these to args because they are type: 'action'
+    We need to filter these args out so they are not passed to the component
+  */
+  let propsWithoutDocgenEvents;
+  $: propsWithoutDocgenEvents = isOriginalStory
+    ? Object.fromEntries(Object.entries(props).filter(([key]) => !key.startsWith('event_')))
+    : { ...props };
+
+  if (isOriginalStory && IS_SVELTE_V4) {
+    const argTypes = getContext(ARG_TYPES_CONTEXT_KEY) ?? {};
+    const eventsFromArgTypes = Object.fromEntries(
+      Object.entries(argTypes)
+        .filter(([key, value]) => value.action && props[key] != null)
+        .map(([key, value]) => [value.action, props[key]])
+    );
     // Attach Svelte event listeners in Svelte v4
     // In Svelte v5 this is not possible anymore as instances are no longer classes with $on() properties, so it will be a no-op
     onMount(() => {
-      Object.entries(on).forEach(([eventName, eventCallback]) => {
-        // instance can be undefined if a decorator doesn't have <slot/>
+      Object.entries({ ...eventsFromArgTypes, ...on }).forEach(([eventName, eventCallback]) => {
+        // instance can be undefined if a decorator doesn't have a <slot/>
         const inst = instance ?? decoratorInstance;
-        inst?.$on?.(eventName, eventCallback)
+        inst?.$on?.(eventName, eventCallback);
       });
     });
   }
@@ -25,8 +45,8 @@
 
 {#if decorator}
   <svelte:component this={decorator.Component} {...decorator.props} bind:this={decoratorInstance}>
-    <svelte:component this={Component} {...props} bind:this={instance} />
+    <svelte:component this={Component} {...propsWithoutDocgenEvents} bind:this={instance} />
   </svelte:component>
 {:else}
-  <svelte:component this={Component} {...props} bind:this={instance} />
+  <svelte:component this={Component} {...propsWithoutDocgenEvents} bind:this={instance} />
 {/if}
diff --git a/code/renderers/svelte/src/decorators.ts b/code/renderers/svelte/src/decorators.ts
index 657fa91ff28e..65638c07aef7 100644
--- a/code/renderers/svelte/src/decorators.ts
+++ b/code/renderers/svelte/src/decorators.ts
@@ -69,7 +69,8 @@ function prepareStory(
     };
   }
 
-  return preparedStory;
+  // no innerStory means this is the last story in the decorator chain, ie. the original story
+  return { ...preparedStory, isOriginalStory: true };
 }
 
 export function decorateStory(storyFn: any, decorators: any[]) {
diff --git a/code/renderers/svelte/src/render.ts b/code/renderers/svelte/src/render.ts
index 0ea4a86e9800..2219e21b3760 100644
--- a/code/renderers/svelte/src/render.ts
+++ b/code/renderers/svelte/src/render.ts
@@ -77,7 +77,6 @@ function renderToCanvasV4(
     const mountedComponent = new PreviewRender({
       target: canvasElement,
       props: {
-        svelteVersion: 4,
         storyFn,
         storyContext,
         name,
@@ -149,7 +148,6 @@ function renderToCanvasV5(
       name,
       title,
       showError,
-      svelteVersion: 5,
     });
     const mountedComponent = svelte.mount(PreviewRender, {
       target: canvasElement,