Private annual settlement – ​​Real estate rental

Three reasons to choose annual settlement with Efremtid.no

1. We have a lot of experience – we have been dealing with settlements since 2005. Thanks to this, we know how to help you in the process of favorable annual settlement.
2. We do everything online – you don't have to come to our office. You just fill out a simple form.
3. We guarantee constant contact and support – we are available on weekdays from 9:00 a.m. to 21:00 p.m. by phone: +47 21 38 38 21. You can ask any question regarding your settlement, and we will try to answer as reliably and efficiently as possible.

1. What does the service include?

This service is only a complement to private annual settlement services. No order required this service, we will not be able to prove the rental.

The service, apart from the standard settlement described above, includes::

• Entering information about the costs associated with renting a property if you are renting a property to someone
• Information about the settlement and further procedure
• Support in case of additional questions

WARNING: The decision regarding the approval of the return rests with the tax office in Norway. The service only covers mediation between you and the office.

2. What information do we need?

Before the service is performed we will ask you to fill out the form. It will be sent by e-mail after ordering the service. It is necessary to include all required information in your billing.

3. What do we add?

Rental costs (if you rent a property to someone and you have to tax it)

When renting, we have various options and tax exemptions. For example, when renting your own house or cottage for a short period of up to 30 days, profits up to DKK 10 are tax-free. In turn, when renting your own house, profits up to DKK 000 per year are tax-free. If you rent part of your house and you occupy most of it for residential purposes, all the profit is exempt. However, if you have to tax the rental (you do not meet any of the exceptions), you can also settle costs that reduce your taxable rental profit. The costs are related to all activities related to the property and its maintenance. Examples of costs recognized by the tax office:

• Maintenance costs – renovations, repairs
• Any council fees (which are paid by you, not the council tenant)
• Insurance
• Property taxes
• Utility costs: electricity, heating and cleaning (which you pay)

Costs related to improvement or post-purchase renovation are not deductible. These costs are entered in the annual statement in the rental section along with the declaration of rental profits.

Costs related to short-term (up to 30 days) rental of your own house or summer house that you use yourself are also not deductible.