How capital gains tax works in Norway
Norway taxes share gains under the shareholder model. Gains above the yearly shielding allowance are grossed up 1.72 times and taxed at 22%, giving 37.84% effective.
Shielding equals the risk-free rate times the share cost base, set each January for the prior year. Unused shielding carries forward per share, rewarding patient holders.
The main home sells tax-free after twelve months of ownership plus twelve months of personal use in the last two years. Holiday cabins face a stricter five-year test, and share-savings accounts defer tax until withdrawals exceed deposits.
Tax rates at a glance
- Shareholder-model rate
- 37.84%Effective
- Gross-up factor
- 1.72x
- Main-home test
- 12 months
- Cabin test
- 5 years
- Exit-tax threshold
- NOK 500,000
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsCrypto holdersTradersHigh earnersFamily offices
Watch out for
- Shielding is set in arrears, so the current year's rate is unknown until next January. Do not price this year's relief on last year's rate without noting the lag.
- The share-savings account defers but does not cut tax. Withdrawals above deposits are taxed at 37.84%, so ASK is timing, not exemption.
- Crypto has no shielding and no ASK shelter. Coin gains pay 22% as capital income with full yearly taxation and strict records.
- Emigration triggers exit tax on latent share gains above the thresholds. EEA movers can defer up to twelve years, but returning to Norway is the only full reset.
Frequently asked questions
Does Norway tax capital gains?
Yes. Share gains above the shielding allowance pay 37.84% effective, interest and bonds pay 22%, and the main home is exempt after the twelve-month test.
Are crypto gains taxed in Norway?
Yes, at 22% as capital income without shielding or account shelter. Every disposal needs documented krona values.
Is my home sale taxed in Norway?
Usually not. Owning twelve months and living there twelve of the last twenty-four months makes the main-home gain tax-free.