How wealth tax works in Norway
Norway taxes net wealth yearly: assets minus debt above NOK 1.9 million for singles and NOK 3.8 million for joint filers. The rate is 1% to NOK 21.5 million and 1.1% above, split between municipality and state.
Valuation discounts reshape the base. Listed shares and business capital count at 80%, the main home at 25% to NOK 10 million and 70% above, secondary property at 100% and deposits at full value.
Wealth tax is assessed in the ordinary return on January 1 values. A new machine-learning home valuation model applies from the 2026 tax year.
Tax rates at a glance
- Standard rate
- 1%To NOK 21.5M
- Top rate
- 1.1%
- Basic allowance
- NOK 1.9M
- Share discount
- 20%
- Main-home discount
- 75%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFamily officesHigh earnersCrypto holdersRemote founders
Watch out for
- Wealth tax applies with no income floor. Asset-rich, cash-poor households can owe yearly tax exceeding their income, with limited relief.
- Debt is fully deductible, so financing changes the bill. Borrowing against taxed assets is standard planning, within interest-limitation rules.
- Valuations are formulaic, not market. The new ML home model and fixed discounts can over- or under-tax individual properties versus appraisals.
- Emigration does not erase accrued wealth tax, and exit tax can land in the same year. Coordinate departure timing across both charges.
Frequently asked questions
Does Norway have a wealth tax?
Yes. Net wealth above NOK 1.9 million pays 1% yearly, rising to 1.1% above NOK 21.5 million.
How are shares valued for wealth tax?
Listed shares and business capital count at 80% of market value. Cash and deposits count at 100%, and debt is fully deductible.
Is the family home fully taxed?
No. The main home counts at 25% of value to NOK 10 million and 70% above, which shelters ordinary houses almost entirely.