How much tax do you have to pay – letting of holiday homes abroad

The letting of holiday home liable for tax to Norway is taxed under the same rules as if the property was in Norway.

This means that, for a holiday home which you also use for leisure purposes to a reasonable extent, rental income up to NOK 10,000 per year will be tax-free. (If you own several holiday homes and you use them for leisure purposes to a reasonable extent, a tax-free amount of NOK 10,000 is granted for each of them.)

Of the excess amount, 85 percent will be considered tax liable income.

Tax liable rental income is taxed as capital income at the rate of 22 percent.

Letting your own holiday home (or own holiday homes) will never be considered a business activity. It's only when you let several buildings, for example several rental cabins, that the letting activity can be of such a scope as to be considered a business activity.