Pleasure boat

How to determine the taxable value of your pleasure boat in your tax return depends on whether the sales value is less or more than NOK 50,000.

Sales value of less than NOK 50,000

You enter the pleasure boat in your tax return. It's valued in different ways depending on the insurance:

  • If your boat is covered by your house contents insurance, it's considered as part of the house contents.
  • If your boat has a separate insurance, the tax value should be set at 75 percent of the insurance amount.
  • If your boat is not insured, the tax value should be set at the sales value.

Sales value of NOK 50,000 or more

You enter the pleasure boat in your tax return.

  • If the boat is insured, the tax value should be set at 75 percent of the insurance amount.
  • If your boat is not insured, the tax value should be set at the sales value.