Examples showing you how to calculate gain, loss, dividend and capital value of shares and how deductions for risk-free are calculated

The shareholder owns two shares in a company (A).
The shares were purchased on 1 February 1990 for NOK 150 per share.
Dividend received in 2009 is NOK 20 per share.

The shareholder must then calculate taxable dividend, and possible (unused) deduction for risk-free return to carry forward for shares owned at 31 December 2009.

Deduction for risk-free return per share for 2009 = NOK 1.95.
Taxable dividend per share = NOK 18.05. (Total NOK 36.10).
Risk-free return utilised = NOK 3.90.

The shareholder owns two shares in a company (B).
The shares were purchased on 1 February 1990 for NOK 150 per share.
Dividend received in March 2009 is NOK 20 per share.
One share is sold on 5 November 2009 for NOK 280. The unused deduction for risk-free return from 2008 is NOK 5.70 per share.

The deduction for risk-free return must be calculated annually and allocated to the owner of the share/unit at the end of the income year. This means that for shares sold in 2009, there will only be an unused deduction for risk-free return from 2008 that can reduce the taxable dividend for the realised shares/units.

The deduction for risk-free return per share for 2009 = NOK 7.72 (allocated only to shares owned at 31 December 2009).
Taxable dividend per share for shares owned at 31 December 2009 = NOK 12.28.

Unused deduction for risk-free return from 2008 = NOK 5.70 (can be used for dividends on shares sold during 2009).
Taxable dividend per share for shares realised in 2009 = NOK 14.30.

If the unused deduction for risk-free return from 2008 exceeds the dividend paid out for the realised share, the remaining deduction for risk-free return can reduce the taxable gain on the same share. In this case, the entire deduction for risk-free return is used on the dividend, making the entire gain in this case taxable.

Total utilised risk-free return comes to NOK 13.42. 

The shareholder owns one share in one company (C), and five shares in another company (D).
The share in company C was purchased on 10 January 1997 for NOK 1,200. For this share, the taxpayer received a dividend of NOK 50 in 2009.
The shares in company D were purchased on 4 November 2003 for NOK 8,000 per share. NOK 300 in dividend on this share was received in 2009, and there is now NOK 304 of unused deduction for risk-free return from 2008.

One column must be completed per share. If several shares in the same company are purchased at the same time and therefore have the same acquisition value, these shares can be entered in the same column.

Company C
Dividend received of NOK 50
Deduction for risk-free return per share for 2009 = NOK 15.60
Taxable dividend = NOK 34.40
Risk-free return used = NOK 15.60

Company D
Deduction for risk-free return per share for 2009 = NOK 411.95
Taxable dividend per share = NOK 0
Unused deduction for risk-free return to carry forward per share for 2009 = NOK 111.95 
Risk-free return used = NOK 1,500

A shareholder owns 20 shares in a company (E).
He purchased 10 shares on 10 March 1993 and paid NOK 200 per share. 
He purchased 7 shares on 2 April 1997 and paid NOK 250 per share. 
Dividend received in 2009 was NOK 150 per share. He has an unused deduction for risk-free return from 2008.

Shares acquired on 10 March 1993
Dividend received = NOK 150
Deduction for risk-free return per share for 2009 = NOK 2.60
Taxable dividend per share = NOK 147.40 (Total NOK 1,474)
Risk-free return used = NOK 26

Shares acquired on 02 April 1997
Dividend received = NOK 150
Deduction for risk-free return per share for 2009 = NOK 3.25
Taxable dividend per share = NOK 146.75 (Total NOK 1,027.25)
Risk-free return used = NOK 22.75

A shareholder owns 20 shares in a company (F).
He purchased 10 shares on 16 June 1993 and paid NOK 200 per share.
He purchased 10 shares on 10 August 1997 and paid NOK 250 per share.
He has an unused deduction for risk-free return from 2008 for all the shares. In March 2009, he received NOK 50 in dividend per share.
On 1 November 2009, he sold 15 shares for NOK 400 per share.

When realising (e.g. selling) shares acquired on different dates, the shares acquired first will be deemed to be those realised first (the FIFO principle). In this case, that means that the 10 shares purchased on 16 June 1993 are sold, along with 5 of the shares acquired on 10 August 1997. The shares sold, and which are therefore not held at 31 December, attract no deduction for risk-free return for income year 2009. Therefore, only Part 2 of the form should be completed for these 15 shares. Part 1 is completed only for the 5 shares acquired on 10 August 1997 and which the shareholder still owns at year-end.

Calculation of taxable dividend for the 5 shares acquired on 10 August 1997 which are still held on 31 December 2009
Unused deduction for risk-free return from 2008 per share = NOK 9.50
Deduction for risk-free return per share for 2009 = NOK 12.87
Taxable dividend per share = NOK 37.13 (Total NOK 185.65)
Risk-free return used = NOK 64.35

10 shares acquired on 16 June 1993 and sold on 1 November 2009:
Unused deduction for risk-free return per share from 2008 = NOK 7.60
Taxable dividend per share = NOK 42.40 (Total NOK 424)
Taxable gain = NOK 2,000

The unused deduction for risk-free return from 2008 reduces the taxable dividend before using any remainder to reduce taxable gain.

5 shares acquired on 10 August 1997 and sold on 1 November 2009:
Unused deduction for risk-free return per share from 2008 = NOK 9.50
Taxable dividend per share = NOK 40.50 (Total NOK 202.5)
Taxable gain = NOK 750

The unused deduction for risk-free return from 2008 reduces the taxable dividend before using any remainder to reduce taxable gain.

The shareholder purchased 4 shares in a company (G) on 20 March 1996. He paid NOK 1,000 per share. He didn't receive a dividend on these shares in 2008 and has an unused deduction for risk-free return from this year of NOK 38 per share.

On 1 October 2009, company G (the divesting company) merged with company H (the acquiring company). The shareholder receives 8 shares in the acquiring company H. The adjustment factor in this case will be 4 / 8 = 0.5. This is multiplied by the original input value of NOK 1,000 to define a new input value which is entered.

The number of shares at 1 January 2009 will be 4, while the number at 31 December 2009 will be 8, since all are still owned at year-end. 

When calculating the deduction for risk-free return for shares/units owned at 31 December 2009, the reallocated input value will be (NOK 1,000 x 0.5) = NOK 500.
Reallocated unused deduction for risk-free return from 2008 will be (NOK 38 x 0.5) = NOK 19.

The shareholder purchased 4 shares in company K on 10 November 1995 for NOK 1,500 per share. Unused deduction for risk-free return from 2008 per share is NOK 57 .

On 16 March 2009, company K (the divesting company) demerged part of its activity to company L (the acquiring company). The shareholder is offered 1 share in company L against the surrender of 2 shares in company K.

The shareholder has redeemed half of the shares in company K and received one share in company L for these. The input value for this half will then be NOK 3,000 (1,500 x 2).

Company K:
For the shares in company K, the acquisition date and means of acquisition will be 1995 and K (for purchase). The number of shares at 1 January 2009 will be 4, while the number at 31 December 2009 will be 2.

When calculating the deduction for risk-free return for 2009 for the shares in company K, the input value will be NOK 1,500.
Unused deduction for risk-free return from 2008 will be NOK 57.

Company L:
When calculating the deduction for risk-free return for 2009 for shares in company L, the reallocated input value will be (NOK 1,500 x 2) = NOK 3,000.
Reallocated unused deduction for risk-free return from 2008 will be (NOK 57 x 2) = NOK 114.