Norway: Proposal for new calculation method for ground rent tax
The revised National Budget for 2024 proposes that ground rent tax be calculated according to a gross method.
Proposal for new calculation method for ground rent tax
The revised National Budget for 2024 proposes that ground rent tax for land-based wind power plants owned by companies with participant determination (e.g., responsible companies, limited partnerships) be calculated according to a gross method when the participants sell the main part of the power production on an independent basis, similar to that used for hydropower plants owned by participating companies.
The gross method means that the participants must be assigned a proportionate share of the company's individual gross income and deduction items. If the participants in the power company each sell their share of the production on an independent basis, the individual participant's actual sales income must be taken into account when calculating the ground rent income.
Read a May 2024 report (Norwegian) prepared by the KPMG member firm in Norway
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