Home economics

So much tax-free housing you can have

You must have expensive housing or small loans if the wealth tax will affect you.

So much tax-free housing you can have

So much tax-free housing you can have

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So much tax-free housing you can have

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So much tax-free housing you can have

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It’s quite complicated with the new rules to figure out how much your home is worth. On the other hand, it is quite easy to see that there is much to be done if you are taxed hard for your home.

The graph below is an attempt to illustrate this.

Read the Newslet: This means your budget

The more loans you have, the more your home can be worth before paying taxes.

We have assumed that the tax base for the home will be 25 percent of the market value, as the government says in the draft state budget for 2010.

In addition, you receive $ 700,000 before deduction of property tax. Spouses get double.

If you have a million in total loans, you get deducted from 1.7 million on your assets.

This means that your home must have a market value of more than four times this so that you will be taxed, ie over 6.8 million.

The graph below is based on the amount of total loans you have and shows how much your home may have in market value before paying taxes. We have assumed that you have no other assets in the calculation.

Everything within the red field is tax-free.

So much tax-free housing you can have

A prerequisite for the math is that you have no other forum.

– This graph is correct, “says Hans Henrik Scheel in the Ministry of Finance at Click.no.

– We just want to add that although the government says that the tax base should ideally be 25 percent of the market value, we do not guarantee it. What we guarantee is that the equity value should not exceed 30 percent of the market value, “said Scheel.

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