Rental income from home is tax-free when:
owner spends at least half of the property to his own use rain after the rental value.
all or a major portion of the property is rented out for up to NOK 20,000 the fiscal year.
Rental income from semi are tax-free when:
owner spends at least half of the two-family house for own use rain after the rental value
whole or a large part of the family house rented out for up to 20,000 dollars in fiscal year
rental income is less than 10,000 dollars. Of any excess amount is considered 85 percent as taxable income.
The tax rate for rental of residential and cottage was in tax year 2013, 28 per cent, while it from 2014 will be 27 percent.
Source: Tax, Tax on rental of residential and recreational property
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