JU6-1004 Tax Law for Real Estate

Contents and structure

The course covers the following topics:

• Terms and interpretation rules

• Tax administration and tax payment scheme

• The extent of tax liability to Norway

• Overarching principles for taxation of individuals and companies

• Tax subject

• Income and wealth taxation of individuals

• Framework for value added tax

• Tax and levy rules linked to real estate

Learning Outcome

Skills:

The student

• has knowledge of the main rules for taxation of income and wealth for individuals.

• knows the overriding principles for taxation of businesses

• has knowledge of the regulations related to tax liability to Norway and which municipality the tax must be paid to

• knows the rules regarding tax liability in connection with the letting and sale of real estate

• has knowledge of the VAT regulations

• knows the regulations regarding letting and voluntary registration of value added tax linked to real estate

• has knowledge of basic tax administration law, tax payment and central rules for setting aside.

Skills:

The student

• can calculate ordinary income, personal income and taxable wealth based on tax law, regulations, tax decisions and assessment rules.

• can calculate net tax, social security tax, bracket tax and wealth tax based on regulations, tax decisions and assessment rules.

• can find out whether rental income and capital gains linked to real estate are taxable or not and calculate taxable income/deductions for losses.

• can assess and handle VAT-related transactions in a business

• can make ethical reflections on tax planning.

General competence:

The student

• can acquire up-to-date knowledge within the knowledge and skills area mentioned above.

• can convey central subject matter through relevant forms of expression and can exchange points of view with other professionals.

• can see the subject in a larger context in a societal perspective

Entry requirements

None

Recommended previous knowledge

None

Teaching methods

Lectures and seminar with problem solving.

Compulsory learning activities

Two written work requirements. To be solved individually or in a group. Work requirements must be met in order to sit for the exam.

Assessment

Written exam, 4 hours.

Letter grade.

Examination support material

Lovdata pro in exam mode (with the incorporations that Lovdata has allowed, and with access to all laws, preparatory work, regulations, case law from the Supreme Court and the courts of appeal, and everything from EEA and EU legal sources, unless the subject responsible has determined otherwise).

Calculator.

More about examination support material

Course reductions

• JU6-1001 - Skatte- og avgiftsrett 1 - Reduction: 7.5 studypoints
• JU6-202 - Skatte- og avgiftsrett - Reduction: 3.5 studypoints
• EM6-102 - Skatte- og avgiftsrett for eiendomsmeglere - Reduction: 3.5 studypoints