What is the difference between a primary dwelling, a secondary dwelling and a holiday home as regards capital value assessment?

Primary dwelling

In connection with capital value assessments, the primary dwelling will generally be taken to be the dwelling where the owner has his or her registered address according to the National Registry at the end of the year. It is not possible to have more than one primary dwelling in connection with capital value assessment.

Secondary dwelling

In capital value assessments, secondary dwellings are residential properties other than the primary dwelling. This concerns for example commuter accommodation, rental properties and year-round dwellings used as holiday homes.

Holiday homes

In connection with capital value assessments, 'holiday homes' are typically considered to be cabins, other holiday properties and apartment complexes built exclusively for holiday use. The land register (the country's official building register) will generally state what constitutes a holiday property.

Whether a holiday property is considered to be a residential property or a holiday property in connection with capital value assessment will depend on the characteristics of the building. The purpose for which the building is used is of no significance.

Year-round dwellings that are used as a holiday home are covered by the rules concerning the valuation of residential properties.