How to enter the tax value of residential/holiday property abroad in the tax return

Residential and holiday property abroad that you own as of 31 December in the income year must be specified with a tax value in the tax return. 

If you have provided information in a previous tax return concerning property abroad, and stated the country in which the property is situated plus the total tax value (amongst other information), the tax value of the property will be pre-completed in next year’s tax return.

You must check the tax return to make sure that the correct tax value for property abroad is entered.

See here for more information on the type of tax treaty that Norway has with the country concerned.

The subsequent procedure for completing the Norwegian tax return will depend on whether you have paid wealth tax on the property abroad, the location of the property and the method that the tax treaty stipulates to be used in order to avoid double taxation.

What to do:

  • In the tax return, you must check that the following information is entered:
    • The country and address where the property is located
    • Type of property (residential property or holiday home subject to tax-exempt assessment or subject to accounts-based assessment, plot, right of habitation, other property)
    • Market value at the time of transfer or the purchase price
    • Ownership share in percent
    • Your share of the taxable value in percent
    • If you change the taxable value, you must also state a reason

  • In the tax return, you must check that the following information is entered:
    • The country and address where the property is located
    • Type of property (residential property or holiday home subject to tax-exempt assessment or subject to accounts-based assessment, plot, right of habitation, other property)
    • Market value at the time of transfer or the purchase price
    • Ownership share in percent
    • Your share of the taxable value in percent
    • If you change the taxable value, you must also state a reason
  • If you have paid wealth tax on the property (and/or income tax) in the country in which the property is situated, you must also include this in the tax return in order to claim a credit deduction.
  • You must be able to document final assessed and paid tax abroad upon request from the tax authorities. The Norwegian Tax Administration may require documentation in a non-Nordic language to be translated into Norwegian or English by an officially authorised translator.

  • In the tax return, you must check that the following information is entered:
    • The country and address where the property is located
    • Type of property (residential property or holiday home subject to tax-exempt assessment or subject to accounts-based assessment, plot, right of habitation, other property)
    • Market value at the time of transfer or the purchase price
    • Ownership share in percent
    • Your share of the taxable value in percent
    • If you change the taxable value, you must also state a reason
  • Based on information concerning the property's location, the tax authorities will make the correct tax assessment, which means that the property will not be subject to wealth tax in Norway and that a reduction in debt/interest on debt will be performed for property located outside the EEA area.

Log in, check and submit your tax return:

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Important information

You do not need to send us any documentation concerning this, but you must be able to present it upon request.