The item concerns everyone who has an account for housing savings for youth (BSU)in an EEA State other than Norway.
In order to be granted the deduction, you must send the annual statement from the savings institution to your tax office. Remember to add your name and national ID number (11 digits) to the annual statement when you submit it. You must also remember to fill in item 3.1.11/ item 4.1.9 Interest income/deposits in foreign banks.
Housing savings for youth in Norway
Housing savings for youth (BSU) in Norway is a deduction in the tax itself and must not be entered in the tax return. The amount will be pre-completed based on information that has been reported by the bank you are saving with. You must check that the amount in the tax settlement is correct. If the amount is not correct, you must contact your bank.
The maximum deduction is NOK 5,000 per year. The total deposit excluding interest cannot exceed NOK 300,000.
Form RF-1231 Bank deposits abroad must be enclosed with the tax return.
You do not need to send us any further documentation for this, but you must be able to present documentation if we ask for it.
If we ask for documentation, you must be able to document your account for housing savings for youth and the savings amounts through annual statements from the savings institution.