This item concerns everyone who:
- has other capital as of 31 December which cannot be entered under other items,
- owns a share in a company assessed as a partnership as of 31 December,
- owns a share in a Norwegian-controlled foreign company (NOKUS) as of 31 December.
This item also applies if you have a property estate which you lease out. You are liable to pay wealth tax on a capitalised value of the ground rent. Enter the value in this item. If you own residential property or holiday property but lease the estate, you should still use item 4.3.2 or 4.3.3. You are entitled to debt deduction for the ground rent which should be entered in item 4.8.1.
Rights linked to forestry/uncultivated land
The item also concerns self-employed persons within the forestry sector who are taxed for rights linked to forestry/uncultivated land, in the same way as the capitalised value of hunting and fishing rights and other rights linked to the property.
For ground rent and hunting and fishing rights, the capitalization factor is 10.
The annual ground rent multiplied by 10 (capitalization factor) constitute the capital value of the plot. You must enter this amount in the tax return yourself.
Rights linked to forest/uncultivated land
The asset value of rights linked to forest/uncultivated land can be found under item 316 in form RF-1177 "Landbruk" (Agriculture - in Norwegian only).
When you submit electronically, the amounts will automatically be transferred to the correct item from form RF-1177.
Other capital in company assessed as a partnership
The asset value of a share in a company assessed as a partnership can be found under item 1101 in form "RF-1221 Deltakerens melding over egen formue og inntekt i selskap med deltakerfastsetting" (Partner’s statement of capital and income in a company assessed as a partnership – in Norwegian only).
When you submit electronically, the amounts will automatically be transferred to the correct item from form RF-1221.
Other capital in NOKUS companies
The asset value of a share in a NOKUS company can be found under item 101 in form "RF-1246 Deltakeren sitt skjema over formue og inntekt i NOKUS" (Partner’s statement of own capital and income in NOKUS entities - in Norwegian only).
When you submit electronically, the amounts will automatically be transferred to the correct item from form RF-1246.
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