diff --git a/.changeset/smart-cars-know.md b/.changeset/smart-cars-know.md
new file mode 100644
index 0000000000..5b87239e41
--- /dev/null
+++ b/.changeset/smart-cars-know.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: avoid recreating handlers for component events
diff --git a/.changeset/wild-pumas-count.md b/.changeset/wild-pumas-count.md
new file mode 100644
index 0000000000..5d34731ef2
--- /dev/null
+++ b/.changeset/wild-pumas-count.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: call correct event handler for properties of non-reactive objects
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
index 824f784a6b..85dfc6c67e 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
@@ -40,8 +40,8 @@ export function Attribute(node, context) {
 			const delegated_event = get_delegated_event(node.name.slice(2), expression, context);
 
 			if (delegated_event !== null) {
-				if (delegated_event.type === 'hoistable') {
-					delegated_event.function.metadata.hoistable = true;
+				if (delegated_event.hoisted) {
+					delegated_event.function.metadata.hoisted = true;
 				}
 
 				node.metadata.delegated = delegated_event;
@@ -50,6 +50,9 @@ export function Attribute(node, context) {
 	}
 }
 
+/** @type {DelegatedEvent} */
+const unhoisted = { hoisted: false };
+
 /**
  * Checks if given event attribute can be delegated/hoisted and returns the corresponding info if so
  * @param {string} event_name
@@ -58,26 +61,24 @@ export function Attribute(node, context) {
  * @returns {null | DelegatedEvent}
  */
 function get_delegated_event(event_name, handler, context) {
-	// Handle delegated event handlers. Bail-out if not a delegated event.
+	// Handle delegated event handlers. Bail out if not a delegated event.
 	if (!handler || !is_delegated(event_name)) {
 		return null;
 	}
 
-	// If we are not working with a RegularElement, then bail-out.
+	// If we are not working with a RegularElement, then bail out.
 	const element = context.path.at(-1);
 	if (element?.type !== 'RegularElement') {
 		return null;
 	}
 
-	/** @type {DelegatedEvent} */
-	const non_hoistable = { type: 'non-hoistable' };
 	/** @type {FunctionExpression | FunctionDeclaration | ArrowFunctionExpression | null} */
 	let target_function = null;
 	let binding = null;
 
 	if (element.metadata.has_spread) {
 		// event attribute becomes part of the dynamic spread array
-		return non_hoistable;
+		return unhoisted;
 	}
 
 	if (handler.type === 'ArrowFunctionExpression' || handler.type === 'FunctionExpression') {
@@ -86,14 +87,14 @@ function get_delegated_event(event_name, handler, context) {
 		binding = context.state.scope.get(handler.name);
 
 		if (context.state.analysis.module.scope.references.has(handler.name)) {
-			// If a binding with the same name is referenced in the module scope (even if not declared there), bail-out
-			return non_hoistable;
+			// If a binding with the same name is referenced in the module scope (even if not declared there), bail out
+			return unhoisted;
 		}
 
 		if (binding != null) {
 			for (const { path } of binding.references) {
 				const parent = path.at(-1);
-				if (parent == null) return non_hoistable;
+				if (parent === undefined) return unhoisted;
 
 				const grandparent = path.at(-2);
 
@@ -120,17 +121,17 @@ function get_delegated_event(event_name, handler, context) {
 						element.metadata.has_spread ||
 						!is_delegated(event_name)
 					) {
-						return non_hoistable;
+						return unhoisted;
 					}
 				} else if (parent.type !== 'FunctionDeclaration' && parent.type !== 'VariableDeclarator') {
-					return non_hoistable;
+					return unhoisted;
 				}
 			}
 		}
 
-		// If the binding is exported, bail-out
+		// If the binding is exported, bail out
 		if (context.state.analysis.exports.find((node) => node.name === handler.name)) {
-			return non_hoistable;
+			return unhoisted;
 		}
 
 		if (binding !== null && binding.initial !== null && !binding.mutated && !binding.is_called) {
@@ -146,27 +147,25 @@ function get_delegated_event(event_name, handler, context) {
 		}
 	}
 
-	// If we can't find a function, bail-out
-	if (target_function == null) return non_hoistable;
-	// If the function is marked as non-hoistable, bail-out
-	if (target_function.metadata.hoistable === 'impossible') return non_hoistable;
-	// If the function has more than one arg, then bail-out
-	if (target_function.params.length > 1) return non_hoistable;
+	// If we can't find a function, or the function has multiple parameters, bail out
+	if (target_function == null || target_function.params.length > 1) {
+		return unhoisted;
+	}
 
 	const visited_references = new Set();
 	const scope = target_function.metadata.scope;
 	for (const [reference] of scope.references) {
-		// Bail-out if the arguments keyword is used
-		if (reference === 'arguments') return non_hoistable;
-		// Bail-out if references a store subscription
-		if (scope.get(`$${reference}`)?.kind === 'store_sub') return non_hoistable;
+		// Bail out if the arguments keyword is used
+		if (reference === 'arguments') return unhoisted;
+		// Bail out if references a store subscription
+		if (scope.get(`$${reference}`)?.kind === 'store_sub') return unhoisted;
 
 		const binding = scope.get(reference);
 		const local_binding = context.state.scope.get(reference);
 
 		// If we are referencing a binding that is shadowed in another scope then bail out.
 		if (local_binding !== null && binding !== null && local_binding.node !== binding.node) {
-			return non_hoistable;
+			return unhoisted;
 		}
 
 		// If we have multiple references to the same store using $ prefix, bail out.
@@ -175,17 +174,17 @@ function get_delegated_event(event_name, handler, context) {
 			binding.kind === 'store_sub' &&
 			visited_references.has(reference.slice(1))
 		) {
-			return non_hoistable;
+			return unhoisted;
 		}
 
-		// If we reference the index within an each block, then bail-out.
-		if (binding !== null && binding.initial?.type === 'EachBlock') return non_hoistable;
+		// If we reference the index within an each block, then bail out.
+		if (binding !== null && binding.initial?.type === 'EachBlock') return unhoisted;
 
 		if (
 			binding !== null &&
-			// Bail-out if the the binding is a rest param
+			// Bail out if the the binding is a rest param
 			(binding.declaration_kind === 'rest_param' ||
-				// Bail-out if we reference anything from the EachBlock (for now) that mutates in non-runes mode,
+				// Bail out if we reference anything from the EachBlock (for now) that mutates in non-runes mode,
 				(((!context.state.analysis.runes && binding.kind === 'each') ||
 					// or any normal not reactive bindings that are mutated.
 					binding.kind === 'normal' ||
@@ -193,12 +192,12 @@ function get_delegated_event(event_name, handler, context) {
 					binding.kind === 'legacy_reactive_import') &&
 					binding.mutated))
 		) {
-			return non_hoistable;
+			return unhoisted;
 		}
 		visited_references.add(reference);
 	}
 
-	return { type: 'hoistable', function: target_function };
+	return { hoisted: true, function: target_function };
 }
 
 /**
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
index da1f06d7f6..c6151992bf 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
@@ -8,9 +8,8 @@
 export function visit_function(node, context) {
 	// TODO retire this in favour of a more general solution based on bindings
 	node.metadata = {
-		// module context -> already hoisted
-		hoistable: context.state.ast_type === 'module' ? 'impossible' : false,
-		hoistable_params: [],
+		hoisted: false,
+		hoisted_params: [],
 		scope: context.state.scope
 	};
 
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/utils.js b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
index 58fae325ef..57ede67bb3 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
@@ -481,7 +481,7 @@ export function build_proxy_reassignment(value, proxy_reference) {
  * @param {ComponentContext} context
  * @returns {Pattern[]}
  */
-function get_hoistable_params(node, context) {
+function get_hoisted_params(node, context) {
 	const scope = context.state.scope;
 
 	/** @type {Identifier[]} */
@@ -549,15 +549,15 @@ function get_hoistable_params(node, context) {
  * @param {ComponentContext} context
  * @returns {Pattern[]}
  */
-export function build_hoistable_params(node, context) {
-	const hoistable_params = get_hoistable_params(node, context);
-	node.metadata.hoistable_params = hoistable_params;
+export function build_hoisted_params(node, context) {
+	const hoisted_params = get_hoisted_params(node, context);
+	node.metadata.hoisted_params = hoisted_params;
 
 	/** @type {Pattern[]} */
 	const params = [];
 
 	if (node.params.length === 0) {
-		if (hoistable_params.length > 0) {
+		if (hoisted_params.length > 0) {
 			// For the event object
 			params.push(b.id('_'));
 		}
@@ -567,7 +567,7 @@ export function build_hoistable_params(node, context) {
 		}
 	}
 
-	params.push(...hoistable_params);
+	params.push(...hoisted_params);
 	return params;
 }
 
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Attribute.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Attribute.js
index 1fcf110216..3cab0d7eec 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/Attribute.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/Attribute.js
@@ -1,7 +1,7 @@
 /** @import { Attribute } from '#compiler' */
 /** @import { ComponentContext } from '../types' */
 import { is_event_attribute } from '../../../../utils/ast.js';
-import { build_event_attribute } from './shared/element.js';
+import { visit_event_attribute } from './shared/events.js';
 
 /**
  * @param {Attribute} node
@@ -9,6 +9,6 @@ import { build_event_attribute } from './shared/element.js';
  */
 export function Attribute(node, context) {
 	if (is_event_attribute(node)) {
-		build_event_attribute(node, context);
+		visit_event_attribute(node, context);
 	}
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
index f223d748ca..ed8fefc6ba 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
@@ -1,6 +1,6 @@
 /** @import { FunctionDeclaration } from 'estree' */
 /** @import { ComponentContext } from '../types' */
-import { build_hoistable_params } from '../utils.js';
+import { build_hoisted_params } from '../utils.js';
 import * as b from '../../../../utils/builders.js';
 
 /**
@@ -8,21 +8,13 @@ import * as b from '../../../../utils/builders.js';
  * @param {ComponentContext} context
  */
 export function FunctionDeclaration(node, context) {
-	const metadata = node.metadata;
-
 	const state = { ...context.state, in_constructor: false };
 
-	if (metadata?.hoistable === true) {
-		const params = build_hoistable_params(node, context);
+	if (node.metadata?.hoisted === true) {
+		const params = build_hoisted_params(node, context);
+		const body = context.visit(node.body, state);
 
-		context.state.hoisted.push(
-			/** @type {FunctionDeclaration} */ ({
-				...node,
-				id: node.id !== null ? context.visit(node.id, state) : null,
-				params,
-				body: context.visit(node.body, state)
-			})
-		);
+		context.state.hoisted.push(/** @type {FunctionDeclaration} */ ({ ...node, params, body }));
 
 		return b.empty;
 	}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/OnDirective.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/OnDirective.js
index dc7da67e16..9bd22b7eb4 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/OnDirective.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/OnDirective.js
@@ -1,11 +1,38 @@
-/** @import { OnDirective } from '#compiler' */
+/** @import { OnDirective, SvelteNode } from '#compiler' */
 /** @import { ComponentContext } from '../types' */
-import { build_event } from './shared/element.js';
+import * as b from '../../../../utils/builders.js';
+import { build_event, build_event_handler } from './shared/events.js';
+
+const modifiers = [
+	'stopPropagation',
+	'stopImmediatePropagation',
+	'preventDefault',
+	'self',
+	'trusted',
+	'once'
+];
 
 /**
  * @param {OnDirective} node
  * @param {ComponentContext} context
  */
 export function OnDirective(node, context) {
-	build_event(node, node.metadata.expression, context);
+	if (!node.expression) {
+		context.state.analysis.needs_props = true;
+	}
+
+	let handler = build_event_handler(node.expression, node.metadata.expression, context);
+
+	for (const modifier of modifiers) {
+		if (node.modifiers.includes(modifier)) {
+			handler = b.call('$.' + modifier, handler);
+		}
+	}
+
+	const capture = node.modifiers.includes('capture');
+	const passive =
+		node.modifiers.includes('passive') ||
+		(node.modifiers.includes('nonpassive') ? false : undefined);
+
+	return build_event(node.name, context.state.node, handler, capture, passive);
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
index 13ebb41d5b..2063027782 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/RegularElement.js
@@ -24,11 +24,11 @@ import {
 	get_attribute_name,
 	build_attribute_value,
 	build_class_directives,
-	build_event_attribute,
 	build_style_directives
 } from './shared/element.js';
 import { process_children } from './shared/fragment.js';
 import { build_render_statement, build_update, build_update_assignment } from './shared/utils.js';
+import { visit_event_attribute } from './shared/events.js';
 
 /**
  * @param {RegularElement} node
@@ -138,6 +138,13 @@ export function RegularElement(node, context) {
 			style_directives.push(attribute);
 		} else if (attribute.type === 'LetDirective') {
 			lets.push(/** @type {ExpressionStatement} */ (context.visit(attribute)));
+		} else if (attribute.type === 'OnDirective') {
+			const handler = /** @type {Expression} */ (context.visit(attribute));
+			const has_action_directive = node.attributes.find((a) => a.type === 'UseDirective');
+
+			context.state.after_update.push(
+				b.stmt(has_action_directive ? b.call('$.effect', b.thunk(handler)) : handler)
+			);
 		} else {
 			if (attribute.type === 'BindDirective') {
 				if (attribute.name === 'group' || attribute.name === 'checked') {
@@ -214,7 +221,7 @@ export function RegularElement(node, context) {
 				) {
 					might_need_event_replaying = true;
 				}
-				build_event_attribute(attribute, context);
+				visit_event_attribute(attribute, context);
 				continue;
 			}
 
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteBody.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteBody.js
index 6c7637adee..c046b21534 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteBody.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteBody.js
@@ -1,14 +1,11 @@
 /** @import { SvelteBody } from '#compiler' */
 /** @import { ComponentContext } from '../types' */
-import * as b from '../../../../utils/builders.js';
+import { visit_special_element } from './shared/special_element.js';
 
 /**
  * @param {SvelteBody} node
  * @param {ComponentContext} context
  */
 export function SvelteBody(node, context) {
-	context.next({
-		...context.state,
-		node: b.id('$.document.body')
-	});
+	visit_special_element(node, '$.document.body', context);
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteDocument.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteDocument.js
index e11c53fffb..bff32fa570 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteDocument.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteDocument.js
@@ -1,14 +1,11 @@
 /** @import { SvelteDocument } from '#compiler' */
 /** @import { ComponentContext } from '../types' */
-import * as b from '../../../../utils/builders.js';
+import { visit_special_element } from './shared/special_element.js';
 
 /**
  * @param {SvelteDocument} node
  * @param {ComponentContext} context
  */
 export function SvelteDocument(node, context) {
-	context.next({
-		...context.state,
-		node: b.id('$.document')
-	});
+	visit_special_element(node, '$.document', context);
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteElement.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteElement.js
index 72174d1015..90e74259f1 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteElement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteElement.js
@@ -71,6 +71,9 @@ export function SvelteElement(node, context) {
 			style_directives.push(attribute);
 		} else if (attribute.type === 'LetDirective') {
 			lets.push(/** @type {ExpressionStatement} */ (context.visit(attribute)));
+		} else if (attribute.type === 'OnDirective') {
+			const handler = /** @type {Expression} */ (context.visit(attribute, inner_context.state));
+			inner_context.state.after_update.push(b.stmt(handler));
 		} else {
 			context.visit(attribute, inner_context.state);
 		}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteWindow.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteWindow.js
index 57ac3ee47b..a29fec60bf 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteWindow.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/SvelteWindow.js
@@ -1,14 +1,12 @@
+/** @import { Expression } from 'estree' */
 /** @import { SvelteWindow } from '#compiler' */
 /** @import { ComponentContext } from '../types' */
-import * as b from '../../../../utils/builders.js';
+import { visit_special_element } from './shared/special_element.js';
 
 /**
  * @param {SvelteWindow} node
  * @param {ComponentContext} context
  */
 export function SvelteWindow(node, context) {
-	context.next({
-		...context.state,
-		node: b.id('$.window')
-	});
+	visit_special_element(node, '$.window', context);
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
index 5dfcec4847..1f024ee450 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
@@ -13,7 +13,7 @@ import {
 	is_state_source,
 	should_proxy_or_freeze
 } from '../utils.js';
-import { is_hoistable_function } from '../../utils.js';
+import { is_hoisted_function } from '../../utils.js';
 
 /**
  * @param {VariableDeclaration} node
@@ -36,11 +36,11 @@ export function VariableDeclaration(node, context) {
 				rune === '$state.snapshot' ||
 				rune === '$state.is'
 			) {
-				if (init != null && is_hoistable_function(init)) {
-					const hoistable_function = context.visit(init);
+				if (init != null && is_hoisted_function(init)) {
 					context.state.hoisted.push(
-						b.declaration('const', declarator.id, /** @type {Expression} */ (hoistable_function))
+						b.declaration('const', declarator.id, /** @type {Expression} */ (context.visit(init)))
 					);
+
 					continue;
 				}
 				declarations.push(/** @type {VariableDeclarator} */ (context.visit(declarator)));
@@ -219,11 +219,9 @@ export function VariableDeclaration(node, context) {
 			if (!has_state && !has_props) {
 				const init = declarator.init;
 
-				if (init != null && is_hoistable_function(init)) {
-					const hoistable_function = context.visit(init);
-
+				if (init != null && is_hoisted_function(init)) {
 					context.state.hoisted.push(
-						b.declaration('const', declarator.id, /** @type {Expression} */ (hoistable_function))
+						b.declaration('const', declarator.id, /** @type {Expression} */ (context.visit(init)))
 					);
 
 					continue;
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
index d498ef10ea..ab1abc82da 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
@@ -6,8 +6,9 @@ import { get_attribute_chunks } from '../../../../../utils/ast.js';
 import * as b from '../../../../../utils/builders.js';
 import { is_element_node } from '../../../../nodes.js';
 import { create_derived, build_setter } from '../../utils.js';
-import { build_bind_this, build_event_handler, build_validate_binding } from '../shared/utils.js';
+import { build_bind_this, build_validate_binding } from '../shared/utils.js';
 import { build_attribute_value } from '../shared/element.js';
+import { build_event_handler } from './events.js';
 
 /**
  * @param {Component | SvelteComponent | SvelteSelf} node
@@ -69,12 +70,21 @@ export function build_component(node, component_name, context, anchor = context.
 		if (attribute.type === 'LetDirective') {
 			lets.push(/** @type {ExpressionStatement} */ (context.visit(attribute)));
 		} else if (attribute.type === 'OnDirective') {
-			events[attribute.name] ||= [];
-			let handler = build_event_handler(attribute, null, context);
+			if (!attribute.expression) {
+				context.state.analysis.needs_props = true;
+			}
+
+			let handler = build_event_handler(
+				attribute.expression,
+				attribute.metadata.expression,
+				context
+			);
+
 			if (attribute.modifiers.includes('once')) {
 				handler = b.call('$.once', handler);
 			}
-			events[attribute.name].push(handler);
+
+			(events[attribute.name] ||= []).push(handler);
 		} else if (attribute.type === 'SpreadAttribute') {
 			const expression = /** @type {Expression} */ (context.visit(attribute));
 			if (attribute.metadata.expression.has_state) {
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/element.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/element.js
index 06563cd033..28d6684a57 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/element.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/element.js
@@ -1,15 +1,10 @@
 /** @import { Expression, Identifier } from 'estree' */
-/** @import { Attribute, ClassDirective, DelegatedEvent, ExpressionMetadata, ExpressionTag, Namespace, OnDirective, RegularElement, StyleDirective, SvelteElement, SvelteNode } from '#compiler' */
+/** @import { Attribute, ClassDirective, ExpressionMetadata, Namespace, RegularElement, StyleDirective, SvelteElement } from '#compiler' */
 /** @import { ComponentContext } from '../../types' */
-import {
-	is_capture_event,
-	is_passive_event,
-	normalize_attribute
-} from '../../../../../../utils.js';
-import { get_attribute_expression } from '../../../../../utils/ast.js';
+import { normalize_attribute } from '../../../../../../utils.js';
 import * as b from '../../../../../utils/builders.js';
 import { build_getter } from '../../utils.js';
-import { build_event_handler, build_template_literal, build_update } from './utils.js';
+import { build_template_literal, build_update } from './utils.js';
 
 /**
  * Serializes each style directive into something like `$.set_style(element, style_property, value)`
@@ -131,143 +126,3 @@ export function get_attribute_name(element, attribute, context) {
 
 	return attribute.name;
 }
-
-/**
- * @param {Attribute & { value: ExpressionTag | [ExpressionTag] }} node
- * @param {ComponentContext} context
- */
-export function build_event_attribute(node, context) {
-	/** @type {string[]} */
-	const modifiers = [];
-
-	let event_name = node.name.slice(2);
-	if (is_capture_event(event_name)) {
-		event_name = event_name.slice(0, -7);
-		modifiers.push('capture');
-	}
-
-	build_event(
-		{
-			name: event_name,
-			expression: get_attribute_expression(node),
-			modifiers,
-			delegated: node.metadata.delegated
-		},
-		!Array.isArray(node.value) && node.value?.type === 'ExpressionTag'
-			? node.value.metadata.expression
-			: null,
-		context
-	);
-}
-
-/**
- * Serializes an event handler function of the `on:` directive or an attribute starting with `on`
- * @param {{name: string;modifiers: string[];expression: Expression | null;delegated?: DelegatedEvent | null;}} node
- * @param {null | ExpressionMetadata} metadata
- * @param {ComponentContext} context
- */
-export function build_event(node, metadata, context) {
-	const state = context.state;
-
-	/** @type {Expression} */
-	let expression;
-
-	if (node.expression) {
-		let handler = build_event_handler(node, metadata, context);
-		const event_name = node.name;
-		const delegated = node.delegated;
-
-		if (delegated != null) {
-			let delegated_assignment;
-
-			if (!state.events.has(event_name)) {
-				state.events.add(event_name);
-			}
-			// Hoist function if we can, otherwise we leave the function as is
-			if (delegated.type === 'hoistable') {
-				if (delegated.function === node.expression) {
-					const func_name = context.state.scope.root.unique('on_' + event_name);
-					state.hoisted.push(b.var(func_name, handler));
-					handler = func_name;
-				}
-				if (node.modifiers.includes('once')) {
-					handler = b.call('$.once', handler);
-				}
-				const hoistable_params = /** @type {Expression[]} */ (
-					delegated.function.metadata.hoistable_params
-				);
-				// When we hoist a function we assign an array with the function and all
-				// hoisted closure params.
-				const args = [handler, ...hoistable_params];
-				delegated_assignment = b.array(args);
-			} else {
-				if (node.modifiers.includes('once')) {
-					handler = b.call('$.once', handler);
-				}
-				delegated_assignment = handler;
-			}
-
-			state.init.push(
-				b.stmt(
-					b.assignment(
-						'=',
-						b.member(context.state.node, b.id('__' + event_name)),
-						delegated_assignment
-					)
-				)
-			);
-			return;
-		}
-
-		if (node.modifiers.includes('once')) {
-			handler = b.call('$.once', handler);
-		}
-
-		const args = [
-			b.literal(event_name),
-			context.state.node,
-			handler,
-			b.literal(node.modifiers.includes('capture'))
-		];
-
-		if (node.modifiers.includes('passive')) {
-			args.push(b.literal(true));
-		} else if (node.modifiers.includes('nonpassive')) {
-			args.push(b.literal(false));
-		} else if (
-			is_passive_event(node.name) &&
-			/** @type {OnDirective} */ (node).type !== 'OnDirective'
-		) {
-			// For on:something events we don't apply passive behaviour to match Svelte 4.
-			args.push(b.literal(true));
-		}
-
-		// Events need to run in order with bindings/actions
-		expression = b.call('$.event', ...args);
-	} else {
-		expression = b.call(
-			'$.event',
-			b.literal(node.name),
-			state.node,
-			build_event_handler(node, metadata, context)
-		);
-	}
-
-	const parent = /** @type {SvelteNode} */ (context.path.at(-1));
-	const has_action_directive =
-		parent.type === 'RegularElement' && parent.attributes.find((a) => a.type === 'UseDirective');
-	const statement = b.stmt(
-		has_action_directive ? b.call('$.effect', b.thunk(expression)) : expression
-	);
-
-	if (
-		parent.type === 'SvelteDocument' ||
-		parent.type === 'SvelteWindow' ||
-		parent.type === 'SvelteBody'
-	) {
-		// These nodes are above the component tree, and its events should run parent first
-		state.before_init.push(statement);
-	} else {
-		state.after_update.push(statement);
-	}
-}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js
new file mode 100644
index 0000000000..9510715a91
--- /dev/null
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js
@@ -0,0 +1,144 @@
+/** @import { Expression } from 'estree' */
+/** @import { Attribute, ExpressionMetadata, ExpressionTag, OnDirective, SvelteNode } from '#compiler' */
+/** @import { ComponentContext } from '../../types' */
+import { is_capture_event, is_passive_event } from '../../../../../../utils.js';
+import * as b from '../../../../../utils/builders.js';
+
+/**
+ * @param {Attribute} node
+ * @param {ComponentContext} context
+ */
+export function visit_event_attribute(node, context) {
+	let capture = false;
+
+	let event_name = node.name.slice(2);
+	if (is_capture_event(event_name)) {
+		event_name = event_name.slice(0, -7);
+		capture = true;
+	}
+
+	// we still need to support the weird `onclick="{() => {...}}" form
+	const tag = Array.isArray(node.value)
+		? /** @type {ExpressionTag} */ (node.value[0])
+		: /** @type {ExpressionTag} */ (node.value);
+
+	let handler = build_event_handler(tag.expression, tag.metadata.expression, context);
+
+	if (node.metadata.delegated) {
+		let delegated_assignment;
+
+		if (!context.state.events.has(event_name)) {
+			context.state.events.add(event_name);
+		}
+
+		// Hoist function if we can, otherwise we leave the function as is
+		if (node.metadata.delegated.hoisted) {
+			if (node.metadata.delegated.function === tag.expression) {
+				const func_name = context.state.scope.root.unique('on_' + event_name);
+				context.state.hoisted.push(b.var(func_name, handler));
+				handler = func_name;
+			}
+
+			const hoisted_params = /** @type {Expression[]} */ (
+				node.metadata.delegated.function.metadata.hoisted_params
+			);
+
+			// When we hoist a function we assign an array with the function and all
+			// hoisted closure params.
+			const args = [handler, ...hoisted_params];
+			delegated_assignment = b.array(args);
+		} else {
+			delegated_assignment = handler;
+		}
+
+		context.state.init.push(
+			b.stmt(
+				b.assignment(
+					'=',
+					b.member(context.state.node, b.id('__' + event_name)),
+					delegated_assignment
+				)
+			)
+		);
+	} else {
+		const statement = b.stmt(
+			build_event(event_name, context.state.node, handler, capture, undefined)
+		);
+
+		const type = /** @type {SvelteNode} */ (context.path.at(-1)).type;
+
+		if (type === 'SvelteDocument' || type === 'SvelteWindow' || type === 'SvelteBody') {
+			// These nodes are above the component tree, and its events should run parent first
+			context.state.init.push(statement);
+		} else {
+			context.state.after_update.push(statement);
+		}
+	}
+}
+
+/**
+ * Creates a `$.event(...)` call for non-delegated event handlers
+ * @param {string} event_name
+ * @param {Expression} node
+ * @param {Expression} handler
+ * @param {boolean} capture
+ * @param {boolean | undefined} passive
+ */
+export function build_event(event_name, node, handler, capture, passive) {
+	return b.call(
+		'$.event',
+		b.literal(event_name),
+		node,
+		handler,
+		capture && b.true,
+		passive === undefined ? undefined : b.literal(passive)
+	);
+}
+
+/**
+ * Creates an event handler
+ * @param {Expression | null} node
+ * @param {ExpressionMetadata} metadata
+ * @param {ComponentContext} context
+ * @returns {Expression}
+ */
+export function build_event_handler(node, metadata, context) {
+	if (node === null) {
+		// bubble event
+		return b.function(
+			null,
+			[b.id('$$arg')],
+			b.block([b.stmt(b.call('$.bubble_event.call', b.this, b.id('$$props'), b.id('$$arg')))])
+		);
+	}
+
+	let handler = /** @type {Expression} */ (context.visit(node));
+
+	// inline handler
+	if (handler.type === 'ArrowFunctionExpression' || handler.type === 'FunctionExpression') {
+		return handler;
+	}
+
+	// function declared in the script
+	if (
+		handler.type === 'Identifier' &&
+		context.state.scope.get(handler.name)?.declaration_kind !== 'import'
+	) {
+		return handler;
+	}
+
+	if (metadata.has_call) {
+		// memoize where necessary
+		const id = b.id(context.state.scope.generate('event_handler'));
+
+		context.state.init.push(b.var(id, b.call('$.derived', b.thunk(handler))));
+		handler = b.call('$.get', id);
+	}
+
+	// wrap the handler in a function, so the expression is re-evaluated for each event
+	return b.function(
+		null,
+		[b.rest(b.id('$$args'))],
+		b.block([b.stmt(b.call(b.member(handler, b.id('apply'), false, true), b.this, b.id('$$args')))])
+	);
+}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
index 9939621890..e66cdcb091 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
@@ -1,6 +1,6 @@
 /** @import { ArrowFunctionExpression, FunctionExpression, Node } from 'estree' */
 /** @import { ComponentContext } from '../../types' */
-import { build_hoistable_params } from '../../utils.js';
+import { build_hoisted_params } from '../../utils.js';
 
 /**
  * @param {ArrowFunctionExpression | FunctionExpression} node
@@ -20,8 +20,8 @@ export const visit_function = (node, context) => {
 		state = { ...context.state, in_constructor: false };
 	}
 
-	if (metadata?.hoistable === true) {
-		const params = build_hoistable_params(node, context);
+	if (metadata?.hoisted === true) {
+		const params = build_hoisted_params(node, context);
 
 		return /** @type {FunctionExpression} */ ({
 			...node,
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/special_element.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/special_element.js
new file mode 100644
index 0000000000..6a0be55949
--- /dev/null
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/special_element.js
@@ -0,0 +1,23 @@
+/** @import { Expression } from 'estree' */
+/** @import { SvelteBody, SvelteDocument, SvelteWindow } from '#compiler' */
+/** @import { ComponentContext } from '../../types' */
+import { is_event_attribute } from '../../../../../utils/ast.js';
+import * as b from '../../../../../utils/builders.js';
+
+/**
+ *
+ * @param {SvelteBody | SvelteDocument | SvelteWindow} node
+ * @param {string} id
+ * @param {ComponentContext} context
+ */
+export function visit_special_element(node, id, context) {
+	const state = { ...context.state, node: b.id(id) };
+
+	for (const attribute of node.attributes) {
+		if (attribute.type === 'OnDirective') {
+			context.state.init.push(b.stmt(/** @type {Expression} */ (context.visit(attribute, state))));
+		} else {
+			context.visit(attribute, state);
+		}
+	}
+}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/utils.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/utils.js
index b6b11c6909..04b7b36186 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/utils.js
@@ -1,5 +1,5 @@
 /** @import { Expression, ExpressionStatement, Identifier, MemberExpression, Statement, Super, TemplateElement, TemplateLiteral } from 'estree' */
-/** @import { BindDirective, ExpressionMetadata, ExpressionTag, OnDirective, SvelteNode, Text } from '#compiler' */
+/** @import { BindDirective, DelegatedEvent, ExpressionMetadata, ExpressionTag, OnDirective, SvelteNode, Text } from '#compiler' */
 /** @import { ComponentClientTransformState, ComponentContext } from '../../types' */
 import { walk } from 'zimmerframe';
 import { object } from '../../../../../utils/ast.js';
@@ -132,115 +132,6 @@ export function build_update_assignment(state, id, init, value, update) {
 	);
 }
 
-/**
- * Serializes the event handler function of the `on:` directive
- * @param {Pick<OnDirective, 'name' | 'modifiers' | 'expression'>} node
- * @param {null | ExpressionMetadata} metadata
- * @param {ComponentContext} context
- */
-export function build_event_handler(node, metadata, { state, visit }) {
-	/** @type {Expression} */
-	let handler;
-
-	if (node.expression) {
-		handler = node.expression;
-
-		// Event handlers can be dynamic (source/store/prop/conditional etc)
-		const dynamic_handler = () =>
-			b.function(
-				null,
-				[b.rest(b.id('$$args'))],
-				b.block([
-					b.return(
-						b.call(
-							b.member(/** @type {Expression} */ (visit(handler)), b.id('apply'), false, true),
-							b.this,
-							b.id('$$args')
-						)
-					)
-				])
-			);
-
-		if (
-			metadata?.has_call &&
-			!(
-				(handler.type === 'ArrowFunctionExpression' || handler.type === 'FunctionExpression') &&
-				handler.metadata.hoistable
-			)
-		) {
-			// Create a derived dynamic event handler
-			const id = b.id(state.scope.generate('event_handler'));
-
-			state.init.push(
-				b.var(id, b.call('$.derived', b.thunk(/** @type {Expression} */ (visit(handler)))))
-			);
-
-			handler = b.function(
-				null,
-				[b.rest(b.id('$$args'))],
-				b.block([
-					b.return(
-						b.call(
-							b.member(b.call('$.get', id), b.id('apply'), false, true),
-							b.this,
-							b.id('$$args')
-						)
-					)
-				])
-			);
-		} else if (handler.type === 'Identifier' || handler.type === 'MemberExpression') {
-			const id = object(handler);
-			const binding = id === null ? null : state.scope.get(id.name);
-			if (
-				binding !== null &&
-				(binding.kind === 'state' ||
-					binding.kind === 'frozen_state' ||
-					binding.declaration_kind === 'import' ||
-					binding.kind === 'legacy_reactive' ||
-					binding.kind === 'derived' ||
-					binding.kind === 'prop' ||
-					binding.kind === 'bindable_prop' ||
-					binding.kind === 'store_sub')
-			) {
-				handler = dynamic_handler();
-			} else {
-				handler = /** @type {Expression} */ (visit(handler));
-			}
-		} else if (handler.type === 'ConditionalExpression' || handler.type === 'LogicalExpression') {
-			handler = dynamic_handler();
-		} else {
-			handler = /** @type {Expression} */ (visit(handler));
-		}
-	} else {
-		state.analysis.needs_props = true;
-
-		// Function + .call to preserve "this" context as much as possible
-		handler = b.function(
-			null,
-			[b.id('$$arg')],
-			b.block([b.stmt(b.call('$.bubble_event.call', b.this, b.id('$$props'), b.id('$$arg')))])
-		);
-	}
-
-	if (node.modifiers.includes('stopPropagation')) {
-		handler = b.call('$.stopPropagation', handler);
-	}
-	if (node.modifiers.includes('stopImmediatePropagation')) {
-		handler = b.call('$.stopImmediatePropagation', handler);
-	}
-	if (node.modifiers.includes('preventDefault')) {
-		handler = b.call('$.preventDefault', handler);
-	}
-	if (node.modifiers.includes('self')) {
-		handler = b.call('$.self', handler);
-	}
-	if (node.modifiers.includes('trusted')) {
-		handler = b.call('$.trusted', handler);
-	}
-
-	return handler;
-}
-
 /**
  * Serializes `bind:this` for components and elements.
  * @param {Identifier | MemberExpression} expression
diff --git a/packages/svelte/src/compiler/phases/3-transform/utils.js b/packages/svelte/src/compiler/phases/3-transform/utils.js
index 2b35fa67d7..188ae6739f 100644
--- a/packages/svelte/src/compiler/phases/3-transform/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/utils.js
@@ -20,13 +20,13 @@ import { dev } from '../../state.js';
  * @param {Node} node
  * @returns {boolean}
  */
-export function is_hoistable_function(node) {
+export function is_hoisted_function(node) {
 	if (
 		node.type === 'ArrowFunctionExpression' ||
 		node.type === 'FunctionExpression' ||
 		node.type === 'FunctionDeclaration'
 	) {
-		return node.metadata?.hoistable === true;
+		return node.metadata?.hoisted === true;
 	}
 	return false;
 }
diff --git a/packages/svelte/src/compiler/phases/types.d.ts b/packages/svelte/src/compiler/phases/types.d.ts
index a223834d06..96c0f65eb7 100644
--- a/packages/svelte/src/compiler/phases/types.d.ts
+++ b/packages/svelte/src/compiler/phases/types.d.ts
@@ -82,24 +82,24 @@ export interface ComponentAnalysis extends Analysis {
 declare module 'estree' {
 	interface ArrowFunctionExpression {
 		metadata: {
-			hoistable: boolean | 'impossible';
-			hoistable_params: Pattern[];
+			hoisted: boolean;
+			hoisted_params: Pattern[];
 			scope: Scope;
 		};
 	}
 
 	interface FunctionExpression {
 		metadata: {
-			hoistable: boolean | 'impossible';
-			hoistable_params: Pattern[];
+			hoisted: boolean;
+			hoisted_params: Pattern[];
 			scope: Scope;
 		};
 	}
 
 	interface FunctionDeclaration {
 		metadata: {
-			hoistable: boolean | 'impossible';
-			hoistable_params: Pattern[];
+			hoisted: boolean;
+			hoisted_params: Pattern[];
 			scope: Scope;
 		};
 	}
diff --git a/packages/svelte/src/compiler/types/template.d.ts b/packages/svelte/src/compiler/types/template.d.ts
index 373822a873..86341d07d0 100644
--- a/packages/svelte/src/compiler/types/template.d.ts
+++ b/packages/svelte/src/compiler/types/template.d.ts
@@ -214,10 +214,10 @@ export interface OnDirective extends BaseNode {
 
 export type DelegatedEvent =
 	| {
-			type: 'hoistable';
+			hoisted: true;
 			function: ArrowFunctionExpression | FunctionExpression | FunctionDeclaration;
 	  }
-	| { type: 'non-hoistable' };
+	| { hoisted: false };
 
 /** A `style:` directive */
 export interface StyleDirective extends BaseNode {
diff --git a/packages/svelte/src/internal/client/reactivity/effects.js b/packages/svelte/src/internal/client/reactivity/effects.js
index cf2e7cc11d..9fd238c866 100644
--- a/packages/svelte/src/internal/client/reactivity/effects.js
+++ b/packages/svelte/src/internal/client/reactivity/effects.js
@@ -252,7 +252,7 @@ export function legacy_pre_effect(deps, fn) {
 		deps();
 
 		// If this legacy pre effect has already run before the end of the reset, then
-		// bail-out to emulate the same behavior.
+		// bail out to emulate the same behavior.
 		if (token.ran) return;
 
 		token.ran = true;
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler-2/_config.js b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-2/_config.js
similarity index 100%
rename from packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler-2/_config.js
rename to packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-2/_config.js
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler-2/main.svelte b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-2/main.svelte
similarity index 100%
rename from packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler-2/main.svelte
rename to packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-2/main.svelte
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/Button.svelte b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/Button.svelte
new file mode 100644
index 0000000000..8fcd7c705d
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/Button.svelte
@@ -0,0 +1,3 @@
+<button on:click>
+	<slot />
+</button>
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/_config.js b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/_config.js
new file mode 100644
index 0000000000..b87e8c4ce1
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/_config.js
@@ -0,0 +1,34 @@
+import { test } from '../../test';
+
+export default test({
+	test({ assert, logs, target }) {
+		const [b1, b2, b3] = target.querySelectorAll('button');
+
+		b2?.click();
+		b2?.click();
+		b3?.click();
+		b3?.click();
+
+		b1?.click();
+
+		b2?.click();
+		b2?.click();
+		b3?.click();
+		b3?.click();
+
+		assert.deepEqual(logs, [
+			'creating handler (1)',
+			1,
+			2,
+			'creating handler (1)',
+			3,
+			4,
+			'creating handler (2)',
+			6,
+			8,
+			'creating handler (2)',
+			10,
+			12
+		]);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/main.svelte b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/main.svelte
new file mode 100644
index 0000000000..2f7bb13043
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler-3/main.svelte
@@ -0,0 +1,27 @@
+<script>
+	import Button from './Button.svelte';
+
+	let count = $state(0);
+	let d = $state(1);
+
+	function create_handler() {
+		const change = d;
+
+		console.log(`creating handler (${change})`);
+
+		return function increment() {
+			count += change;
+			console.log(count);
+		};
+	}
+</script>
+
+<button on:click={() => (d += 1)}>increase d ({d})</button>
+
+<button on:click={create_handler()}>
+	clicks: {count}
+</button>
+
+<Button on:click={create_handler()}>
+	clicks: {count}
+</Button>
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler/_config.js b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler/_config.js
similarity index 100%
rename from packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler/_config.js
rename to packages/svelte/tests/runtime-runes/samples/dynamic-event-handler/_config.js
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler/main.svelte b/packages/svelte/tests/runtime-runes/samples/dynamic-event-handler/main.svelte
similarity index 100%
rename from packages/svelte/tests/runtime-runes/samples/dynamic-element-event-handler/main.svelte
rename to packages/svelte/tests/runtime-runes/samples/dynamic-event-handler/main.svelte
diff --git a/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/_config.js b/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/_config.js
new file mode 100644
index 0000000000..3dfeaa2952
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/_config.js
@@ -0,0 +1,19 @@
+import { flushSync } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	test({ assert, target }) {
+		const [btn1, btn2, btn3] = target.querySelectorAll('button');
+
+		flushSync(() => btn3.click());
+		assert.htmlEqual(/** @type {string} */ (btn3.textContent), 'clicks: 1');
+
+		flushSync(() => btn2.click());
+		flushSync(() => btn3.click());
+		assert.htmlEqual(/** @type {string} */ (btn3.textContent), 'clicks: 0');
+
+		flushSync(() => btn1.click());
+		flushSync(() => btn3.click());
+		assert.htmlEqual(/** @type {string} */ (btn3.textContent), 'clicks: 1');
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/main.svelte b/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/main.svelte
new file mode 100644
index 0000000000..9de44f23d9
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/event-attribute-not-reactive/main.svelte
@@ -0,0 +1,19 @@
+<script>
+	let count = $state(0);
+
+	const handlers = {
+		current: increment
+	};
+
+	function increment() {
+		count += 1;
+	}
+
+	function decrement() {
+		count -= 1;
+	}
+</script>
+
+<button onclick={() => (handlers.current = increment)}>increment</button>
+<button onclick={() => (handlers.current = decrement)}>decrement</button>
+<button onclick={handlers.current}>clicks: {count}</button>
diff --git a/packages/svelte/types/index.d.ts b/packages/svelte/types/index.d.ts
index 8212c52cc0..969f89222d 100644
--- a/packages/svelte/types/index.d.ts
+++ b/packages/svelte/types/index.d.ts
@@ -1672,10 +1672,10 @@ declare module 'svelte/compiler' {
 
 	type DelegatedEvent =
 		| {
-				type: 'hoistable';
+				hoisted: true;
 				function: ArrowFunctionExpression | FunctionExpression | FunctionDeclaration;
 		  }
-		| { type: 'non-hoistable' };
+		| { hoisted: false };
 
 	/** A `style:` directive */
 	interface StyleDirective extends BaseNode {