What is the capital gains tax rate in Norway?

Norway has a flat 22% rate on general capital income, which applies to gains on real property. Gains on shares are taxed under the shareholder model: the gain (after the shielding deduction) is multiplied by an upward-adjustment factor of 1.72 and then taxed at 22%, giving an effective rate of 37.84%.

Is selling my home taxable in Norway?

Usually not. A gain on your primary residence is tax-free if you have owned it for more than 12 months and used it as your own home for at least 12 of the last 24 months before the sale. If you fail that test, the whole gain is taxable at 22%.

What is the shielding deduction (skjermingsfradrag)?

The shielding deduction is a risk-free return allowance on the cost of your shares. It reduces the taxable share gain (and dividends) so that a normal, low-risk return is not taxed. Any unused shielding from prior years can be carried forward and offset against a later gain on the same shares.

How does the 1.72 upward adjustment work?

To align the taxation of share income with salary, Norway multiplies the net share gain by an oppjusteringsfaktor of 1.72 before applying the 22% flat rate. 22% × 1.72 = 37.84%, which is the effective tax rate on share gains above the shielding deduction.

Does this calculator store my data?

No. All calculations run locally in your browser and nothing is uploaded, so your figures stay private.

Norway Capital Gains Tax Calculator

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This Norway capital gains tax calculator handles the two regimes correctly: a flat 22% on property gains, and the shareholder model (aksjonærmodellen) on share gains, where the gain is upward-adjusted by 1.72 to an effective 37.84%.

How it works

Pick the asset type:

Real property. Gain = proceeds − cost base. If the home qualifies for the residence exemption (owned over 12 months and lived in for at least 12 of the last 24 months), the gain is tax-free. Otherwise tax = gain × 22%.
Shares. Net gain = proceeds − cost base − unused shielding deduction (skjermingsfradrag). The net gain is multiplied by the upward-adjustment factor 1.72, then taxed at 22%:

share tax = max(0, gain − shielding) × 1.72 × 22%

That product gives the headline 37.84% effective rate on share gains.

Example

Selling shares bought for 100,000 kr for 160,000 kr, with 3,000 kr of unused shielding, gives a net gain of 57,000 kr. The tax is 57,000 × 1.72 × 22% = 21,569 kr, an effective 37.84% on the net gain, leaving 38,431 kr after tax. The same 60,000 kr gain on a non-exempt home would instead be taxed at 22% = 13,200 kr.

Notes

This is an estimate for resident individuals. It excludes loss carry-forwards across asset classes, the wealth tax, and special rules for foreign shares and exit taxation. The residence exemption test is simplified. Confirm your position with the Norwegian Tax Administration (Skatteetaten).