The item will normally be pre-filles with totals for interest on debt and/or penalty interest. The amounts are based on what was reported by the party that received payment from you, so you should check that everything is correct.
The amounts you should perform the check against should be shown in the annual statement you will receive from your lender(s) in January.
If the amount is wrong, you must correct the tax return. You should also contact the lender you have borrowed money from to ensure that the annual statement is correct.
You will get back 25 percent of the interest that you paid during 2016.
How to change paid interest and debt
Information is missing
If any information is missing, you must enter the lender's name, debt, interest on debt and any reason for the change.
Loan from employer
The benefit of low-interest loans from an employer will normally be pre-completed based on information reported by your employer, so you should check that everything is correct.
The amounts you should perform the check against should be shown in the Certificate of Tax and Pay Deducted (also known as an annual statement) that you receive from your employer in January.
If the amount is wrong, you must correct the tax return. You should also contact your employer to ensure that the annual statement is correct.
If you have any private loans on which you have paid interest, you can enter the interest here. You must enter information on the lender, debt, interest on debt and the reason for the change.
Distribution of interest on debt between spouses/spouse-equivalent partners/joint borrowers
Even if you have a loan jointly with someone else, it will only be reported by the bank for one person. The way in which you can distribute it will depend on whether or not you are married.
This distribution must be repeated every year in the tax return and both people concerned must make the change. The total amount must be the same regardless. For example, if interest on debt is reduced by NOK 10,000 by one person, it must be increased by NOK 10,000 by the other person. You must alter or add information on the lender, debt, interest on debt and the reason for the change.
Spouses can distribute both debt and interest on debt as they wish, but it must amount to 100 percent in total.
Spouse-equivalent cohabitants must distribute the debt and interest on debt as stated in the loan documents if you have taken out the loan together. You must then distribute both the debt and the interest on the debt according to the respective percentages that you each own. Check that you are stated as being spouse-equivalent cohabitants under item 1.3.
If you establish a contract between you which distributes the loan differently, e.g. because one has a low income, the debt and interest can be distributed in accordance with this contract.
Break-up of relationships
If your previous partner does not wish to alter the debt and interest on debt, you can do so in your tax return and explain why under item 5.0. If you were spouse-equivalent cohabitants, you must also check that you are also no longer stated as cohabitants under item 1.3.
Log in and fill in the item.
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