4.3.3 Holiday homes

Item 4.3.3 Applies to the tax year 2016

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If you own a holiday home as of 31 December 2016, the tax value must be entered under this item. The tax value is determined on the basis of a previous tax value for the property, the cost price of newly erected buildings or the sales value/purchase sum.

In tax return for the income year 2016, the tax value of the recreational property is not adjusted upwards.The tax value must not exceed 30 percent of the property's market value.

Does this item concern me?

This item concerns everyone who:

  • owns a holiday home or a share in a holiday home cooperative as of 31 December,
  • has sold or purchased a holiday home before 31 December but not had the sale or purchase registered by 31 December,
  • owns a holiday home or a share in a holiday home cooperative and the calculated tax value exceeds 30 percent of the property's market value.

A holiday home is not the same as a secondary home. The secondary home must be entered under item 4.3.2. Whether the property is considered a holiday home or a secondary home is determined by the information that is stated in the land register and not by the use of the property. 
For more information about the distinction between recreational property or secondary residence, read here.

How do I enter this in my tax return?

The item will generally be pre-filled in the tax return, but you should check that everything is correct.

Share in holiday home cooperative

If you own a share in a holiday home cooperative, the item will normally be pre-filled with the value and information provided by the housing cooperative, so you should check that everything is correct. The amounts you should perform the check against will be shown in the annual statement you will receive from the housing cooperative in January. If the amount is wrong, you must correct the tax return. You should contact the housing cooperative to ensure that the annual statement is correct.

The property is missing in the tax return

If the property is not shown, you must enter the necessary information. Among other things, you must state the holding number, subholding number, lease number, section number, municipality, share of ownership in percent and tax value. If you own a share in a holiday home cooperative, you must state the municipality, the housing cooperative's name and organisation number, etc.

The tax value is either:

- Previously assessed capital value, adjusted for the percentage increase/reduction during the year. There will be no general upward adjustment of the capital value of holiday properties from 2014 to 2016. The capital value that follows from the 2014 tax assessment can therefore also remain unadjusted for the 2016 income year, or
- In the case of new-build, substantial improvements, etc., the capital value must be assessed in accordance with the level that otherwise applies to comparable properties in the municipality. The capital value of newly erected holiday homes must not be set higher than 30 percent of the value of the plot plus construction costs, or
- a maximum of 30 percent of the documented sales value.

I do not own the property any longer

If you have sold the property during the income year 2016, but it is still shown in the tax return, you should delete the property under the item and provide information on the new owner.

Incorrect tax value relative to market value

If you believe that the tax value exceeds 30 percent of the market value, you should alter the tax value under the item.

Incorrect information

If information is wrong, you must correct it by selecting "Change" and entering the correct information. You must also state the reason for the change (transferred to spouse/spouse-equivalent cohabitant, new holiday home or other reason).

Holiday home under construction

If the property is still being built, the tax value must be set to 80 percent of the plot's value. When the property has been completed, the tax value must be set to 30 percent of the property's cost including land or 30 percent of the property's market value.

Expenses for improvements

If you have incurred expenses to improve the standard of your holiday home, you must provide information on this.

Log in and fill in the item.

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Documentation requirements

You do not need to send us any documentation for this, but you must be able to present documentation if we ask for it.

If you alter the tax value because you believe it is too high relative to the market value, you must be able to document the market value via either a valuation or a recent observable sales value if we ask for such documentation.

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