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

The letting of other dwellings/holiday homes abroad is taxed under the same rules as homes in Norway.

To the extent the rental income is tax liable in Norway, any profit is taxed in principle as capital income at the rate of 22 percent. Correspondingly, any deficit will become a deduction.

However, it isn't necessarily always the case that rental income is taxed as capital income. In some cases, rental income can be taxed as business income, at a tax rate of up to 50.6 percent.

Whether the letting is considered a business activity or not depends on an overall assessment that's based on the scope, frequency and duration of the letting, among other things. Usually, for the letting to be assessed as a business activity, you have to have several rental properties and/or frequent lettings.

The "Am I self-employed?" wizard is available here.

As a rule of thumb, the letting of more than five housing units (as homes or holiday homes) will normally be considered a business activity. If you let your own home or holiday home that comes under the rules for tax-free letting, this isn't normaly included as one of the housing units in the assessment as a business activity. Read more about short-term letting.