What is tax-exempt assessment and accounts based assessment of homes?

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What is meant by tax-exempt assessment?

A house in which minimum 50 per cent of the home (based on rental value) is used by the owner, is to be tax-exempt assessed. The same applies where a larger proportion of the home is rented out, where total letting income for the year does not exceed NOK 20,000.

Read more about tax-exempt assessment of homes in Tax-ABC.

What is meant by accounts-based assessed homes?

Homes that are not tax-exempt are to be accounts-based assessed. Multi-unit houses are to always be accounts-based assessed. A multi-unit house is a home which contains 3 or more independent housing units.

Read more about accounts-based assessment in Tax-ABC.

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