Norway Tax Agency Clarifies Taxation of Separate Homes Sales

The Norwegian Tax Administration June 5 posted online a binding advance statement clarifying the taxation of sales of separate homes. The taxpayer lived in the condominium at issue for more than one of the last two years, but slept at night in the previous two years in a different condominium he owned due to noise and health issues. The second condominium was only furnished with a bed and two chairs, and the taxpayer didn’t use it for cooking or bathing. He kept his personal belongings at the first condominium, where he stayed during the day and worked. He inquired as ...