Income tax on rent, worked example, in Norway
Taxation Researcher | June 06, 2022
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 10.00 NOK
3 Estimated values only. The calculations are based on the computation that costs
are around €30 per sq. m. On average, the costs vary depening
on the property:
- ( New properties = €24 per sq. m.
- Buildings 15 years or more = €30 per sq. m.
- Older buildings = €36 - €40 per sq. m.
4 Individual taxpayers earning rental income from less than five rental units / propertis (flats, houss, etc.) are taxed at 22%.