Item 4.6.1

4.6.1 Capital in real property abroad

Applies to the income year 2017

Under this item, you must enter the tax value and information concerning real property abroad, on Svalbard and let commercial property abroad. The tax value must not exceed 30 percent of the property's market value.

Does this item concern me?

The item concerns everyone who:

The tax value of real property abroad that is not liable to tax in Norway must also be entered here. If you purchased property abroad during 2017, you must provide information on the property under this item.

How do I enter this in my tax return?

Under this item, you must enter the tax value specified under item 295 in form "RF-1098 Formue av næringseiendom" (Tax value of commercial property – in Norwegian only). When you submit electronically, the value under item 4.6.1 will be automatically transferred from form RF-1098

Under this item, you must fill in information concerning:

  • Country
  • Date of purchase
  • Tax value of your share
  • Type of property (right of occupancy, own home, holiday home, plot, farm, etc.)
  • Sales value as of 1 January in Norwegian kroner
  • Exchange rate for conversion
  • Ownership share in percent.
  • Reason for change

Under this item, you must fill in information concerning:

  • Property type (right of occupancy, own home, holiday home, plot, farm, etc.)
  • Holding number, subholding number, section number and lease number
  • Tax value
  • Ownership share in percent.

If all necessary information on the property has been entered, but the information is incorrect, you must enter new corrected information/select "Change" and enter the correct information under item 4.6.1.

Documentation requirements

If you have paid wealth tax on the property abroad, you can claim a deduction from your Norwegian wealth tax. You must tick the box for “Yes” for credit deduction under item 1.5.6. Complete and submit form RF-1147E Deduction for tax paid abroad by a person - credit deduction together with your tax return. If you submit electronically, this form will become available when you answer "Yes" under the item.

You cannot claim a credit deduction for property tax you have paid on the property abroad.

If you're claiming a credit deduction, you must document tax which has been assessed and paid in the other country if we ask you to.

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

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