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Real Estate

The level of activity in the real estate industry is high, but it is also changing. Today's housing market places more focus on the development and sale of residential properties, and on success for emerging actors in the housing development. The market conditions are constantly changing, perhaps particularly in areas such as taxation and VAT, nd stakeholders are required to follow new developments themselves or stay informed via advisers.

Holding Norwegian real estate

DIRECT HOLDING OF REAL ESTATE This section discusses the most important tax implications of the direct holding of real estate. Firstly, the impact for resident individuals and non-resident individuals. Thereafter, the impact for resident companies and non-resident companies.

Acquiring Norwegian real estate

DIRECT PURCHASE OF REAL ESTATE This section discusses the most important tax implications of the direct purchase of real estate. Firstly, the impact for resident individuals and non-resident individuals. Thereafter, the impact for resident companies and non-resident companies.

Sale & transfer of Norwegian real estate

DIRECT SALE OF REAL ESTATE This section discusses the most important tax implications of the direct sale of real estate. Firstly, the impact for resident individuals and non-resident individuals. Thereafter, the impact for resident companies and non-resident companies.

Overview of Norwegian real estate tax

TAX TREATMENT OF INCOME AND GAINS Rental income Individuals lntroduction Rental income is taxed as ordinary private or business income.