Home contents and moveable property
When valuing your home contents, you should use the amount insured as a starting point.
The sales value of home contents and moveable property is calculated as follows:
Amount insured/acquisition price as new Sales value
of the first NOK 1,000,000 10 percent
of the next NOK 400,000 20 percent
of the excess amount 40 percent
Boats must only be included in the above calculation if they are covered by a home contents and moveable property insurance policy.
If you have home contents/movable property which is not insured, you must use the amount that it would cost you to purchase home contents/movable property as new.
Boats with a sales value of less than NOK 50,000
If a boat is insured separately, the presumed sales value should be set at 75 percent of the amount insured.
If the boat is not insured separately or is not covered by a home contents/movable property insurance policy, it must be valued at the presumed sales value.
Example valuation for home contents/movable property and boats
Home contents/movable property, excluding boat NOK 1,100,000
Boat NOK 40,000
Movable property NOK 1,000,000 x 10% NOK 100,000
+ NOK 100,000 x 20% NOK 20,000
= Presumed sales value NOK 120,000
+ Boat NOK 40,000 x 75% NOK 30,000
Total NOK 150,000
– Tax-free amount NOK 100,000
= Tax value which is entered under item 4.2.3 NOK 50,000