4.6.2 Other taxable capital abroad

Item 4.6.2 Applies to the tax year 2016

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Under this item, you must enter capital abroad which is liable to tax in Norway and which is not to be entered under other items. This concerns foreign shares, shares in bond and money market funds, outstanding claims, bearer bonds and endowment insurance.

Does this item concern me?

The item concerns everyone who has taxable capital abroad in the form of:

  • securities, such as shares which are registered with the Norwegian Central Securities Depository (VPS)
  • securities, such as shares which are not registered with VPS
  • outstanding claims against foreign debtors
  • bearer bonds
  • endowment insurance
  • shares in bond and money market funds
  • other taxable capital

How do I enter this in my tax return?

You must submit the capital abroad in item 4.6.2.

You must enter the capital value under the item: It must be specified in Norwegian kroner.

If you receive dividends from foreign securities, they must be entered under item 3.1.7.

Foreign securities

You must enter the following under the item:

• Name of the company
• Number of shares
• Tax value as of 1 January 2017 in Norwegian kroner
• Tax deducted abroad, converted to Norwegian kroner
• The exchange rate you use for conversion. Use Norges Bank's bid rate as of January 2017.

If you receive dividends from foreign securities, they must be entered under item 3.1.7.

 

Foreign security funds, interest funds and mixed funds:

Outstanding claims, etc. to foreign debtors

The value of outstanding claims, mortgage bonds, debt certificates, etc. to foreign debtors must be set to the nominal value of the claim without interest or yields. 

You must enter the following under the item:

• Name of the person/company that has borrowed the money
• Total amount you have loaned in Norwegian kroner as of 31 December
• Income on the loan in Norwegian kroner
• Exchange rate you use for conversion. Use Norges Bank's bid rate as of 1 January 2017.

Foreign bonds

Foreign bonds must be valued at their listed price in Norwegian kroner. If there is no listed price or the price is unknown, value the bonds at their presumed sales value.

You must enter the following under the item:

• Name of issuer
• Number of bonds
• Total value as of 1 January 2017 in Norwegian kroner
• Interest in Norwegian kroner
• Tax deducted abroad, converted to Norwegian kroner
• Exchange rate you use for conversion. Use Norges Bank's bid rate as of January 2017.

Endowment insurance abroad

The value of life insurance which has been taken out as endowment insurance is set to the surrender value in Norwegian kroner. Use Norges Bank's bid rate as of 1 January 2017 when converting to Norwegian kroner. If the insurance policy has no surrender value, you will not be taxed on it and you should therefore not declare it. 

Other taxable capital abroad

You must enter the following under the item:
• Type of capital concerned
• Purchase sum in Norwegian kroner
• Capital in Norwegian kroner 
• Exchange rate used for conversion. Use Norges Bank's bid rate as of January 2017.

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 have paid tax on the capital from abroad, you can claim a deduction from your Norwegian capital tax. You must then tick the "Yes" for a deduction in item 1.5.6. The form RF-1147E Deduction for tax paid abroad by a person (credit) 
must be filled out and provided with the tax return. If you submit electronically this form will be available when you tick "Yes" in the item.

If you claim deduction, offset and tax paid in the other country must be documented.

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