How much tax will you have to pay? - sale of other housing

Any taxable gain will usually be taxed as capital income at the rate of 22 percent. Losses will be deducted correspondingly.

However, you can't simply assume that the income will be taxed as capital income. In some cases, gains made on the sale of property are taxed as business income at the rate of up to 50.6 percent.

Whether or not the sale is considered to be commercial activity will depend on an overall assessment. It's primarily cases where properties and/or plots of land are bought and sold frequently that an assessment of whether or not commercial activity is taking place will become a possibility. If the activity is limited in scope, it would be appropriate to consider the established practice for the rental cases; see the binding advance ruling from the Directorate of Taxes (BFU-01/07).In Norwegian.