How to enter in your tax return – short-term letting of homes and holiday properties
How you declare income from short-term letting and any deductions in the tax return depend on the type of property you let.
Short-term letting of holiday homes:
Short-term letting of other dwellings/holiday homes:
- Tax rules for letting other dwellings/holiday homes in Norway
- Tax rules for letting other dwellings/holiday homes abroad
Short-term letting of your own home:
The income from short-term letting of your own home must be declared in a separate item in the tax return.
In cases of short-term letting of your own home, rental income up to NOK 10,000 per year will be tax-free. Of the excess amount, 85 percent will be considered taxable income. You only have to declare the tax liable part of the rental income in your tax return.
You cannot deduct costs related to the letting.
By rental income in this regard, we mean the fee paid to you as rent. In addition, any other payments for simple additional services that you agree on and that are closely related to the rent, such as the final cleaning, electricity bills, firewood etc., are treated as part of the rent.
If you let the property via a letting agency/booking firm that charges a fee for their services, the taxable amount is the rent before deducting the fee.
1.The lessee pays a total amount
Peter Ås lets out his flat for three weeks during the summer holiday for a total of NOK 15,000. The rent includes cleaning of the flat.
|
Total income |
NOK 15,000 |
|
Tax-free income |
NOK 10,000 |
|
Total |
NOK 5,000 |
Taxable income:
85 percent of NOK 5,000 = NOK 4,250
2. The lessee pays for extra services
Marte Kirkerud lets out her property on the south coast of Norway for three weeks during the summer. The agreed rent is NOK 20,000.
In this case, the rental income is what Marte is paid in rent. Any other agreed payments for simple additional services that are closely related to the rent, are treated as part of the rent. This includes the final cleaning, electricity bills, firewood etc.
|
property – NOK 20,000 surf board and kayak – NOK 2,000 final cleaning – NOK 1,000 Total income |
NOK 20,000 NOK 2,000 NOK 1,000 NOK 23,000 |
|
- Tax-free income |
NOK 10,000 |
|
Total |
NOK 13,000 |
Taxable income:
85 percent of NOK 13,000 = NOK 11,050
3. The lessee makes the payment to a letting agency
If the property is let via a letting agency/booking firm that charges a fee for their services, the taxable amount is the rent before deducting the fee.
Lars Holm lets out his flat in town for two weeks during the summer holiday. The letting is handled by a local letting agency. The agreed rent is NOK 15,000.
The letting agency charges around 20 percent of the agreed rent as payment for their services. This amounts to NOK 3,000. After deducting the letting agency’s fee, Lars is left with NOK 12,000.
|
Total income |
NOK 15,000 |
|
- Tax-free income |
NOK 10,000 |
|
Total |
NOK 5,000 |
Taxable income:
85 percent of NOK 5,000 = NOK 4,250
Most online users will receive the new version of the tax return. Other taxpayers will receive the same format as before.
When you log in to your tax return, you’ll automatically see the tax return you must use. If you’re not sure which tax return you’ve received, you can see the tax return in different formats here.
If any information is missing, you must add it to your tax return. You can add this information under the topic “Housing and belongings".
The entire rental income must be entered. When all the fields are complete, the taxable income will be calculated automatically. Check to see if the pre-filled information is correct.
If any information is missing, you must add it to your tax return. See information of Income from housing.
When you rent out your own home or holiday home for short periods, you must:
- Calculate the taxable rental income (85 percent of gross rental income exceeding NOK 10,000)
- Enter taxable income (as shown above) in your tax return.
Important information
You do not need to send us any documentation concerning this, but you must be able to present it upon request.