Municipalities may impose property tax on land, buildings and other constructions fixed to land. ![]() When foreign investors expect annual distributions from the real estate, a Norwegian partnership between the foreign investor and the Norwegian real estate company may be established to reduce the exposure for WHT.ii Property taxes Dividend withholding tax (WHT) is not imposed on repayment of paid-in capital or on liquidation dividends. Norway has no special rules for real estate investment trusts (REITs).Ĭommercial properties are normally owned by a single purpose limited liability company for the purpose of avoiding capital gains tax at a share sale under the participation exemption method for corporate shareholders, as well as to avoid stamp duty on registration of title.įoreign investments in Norwegian commercial real estate are often organised by setting up a Norwegian holding company that then acquires the target real estate vehicle. ![]() Norwegian collective investments in real estate funds are normally organised as an AS 2 or an ASA (public limited liability company) 3 if established in Norway. The most common Norwegian vehicles are (1) Norwegian private limited liability companies (ASs), (2) Norwegian unlimited partnerships (ANSs) and (3) Norwegian limited partnerships (KSs). For indirect investments, various investment vehicles may be used. Investments in Norwegian real estate can be made either directly or indirectly. Overviewi Investment vehicles in real estate
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