Deductions – letting of plots of land

Since the letting of plots of land is taxable from the first krone, you may be entitled to deductions for expenses associated with the letting.

Expenses for which you can claim deductions

Maintenance costs
Municipal taxes
Insurance policies
Property tax

A distinction is made between improvements and maintenance

You're only entitled to deductions for costs incurred on work carried out to restore the property to its former condition.

Costs of improving or altering the property from its former condition, such as laying a road or a jetty on the plot, are considered improvement costs and aren't deductible.