<abstract xmlns="http://www.w3.org/1999/xhtml"><p> With effect as from 1st January 2014 Norway abolished the inheritance tax and introduced the so-called continuity principle in income taxation. This means that heirs and receivers of gifts step into the tax basis and other tax positions of the giver and the deceased. Some additional requirements apply to some tax positions, in particular tax positions not related to assets (typically deferral of capital gains and carry forward of losses). Dwelling-houses and farms and forestries which the deceased or the giver could have sold without capital gains taxation is excepted.</p></abstract>

With effect as from 1st January 2014 Norway abolished the inheritance tax and introduced the so-called continuity principle in income taxation. This means that heirs and receivers of gifts step into the tax basis and other tax positions of the giver and the deceased. Some additional requirements apply to some tax positions, in particular tax positions not related to assets (typically deferral of capital gains and carry forward of losses). Dwelling-houses and farms and forestries which the deceased or the giver could have sold without capital gains taxation is excepted.

Generation Shifting and the Principle of Continuity in Norwegian Tax Law

Nordic Tax Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Generation Shifting and the Principle of Continuity in Norwegian Tax Law"}

With effect as from 1st January 2014 Norway abolished the inheritance tax and introduced the so-called continuity principle in income taxation. This means that...

Generation Shifting and the Principle of Continuity in Norwegian Tax Law

Publié en ligne: 15 mai 2015

Pages: 93 - 101

DOI: https://doi.org/10.1515/ntaxj-2014-0005

Mots clés
Gifts, Inheritance, Generation shifting, Continuity

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Generation Shifting and the Principle of Continuity in Norwegian Tax Law

Publié en ligne: 15 mai 2015

Pages: 93 - 101

DOI: https://doi.org/10.1515/ntaxj-2014-0005

Mots clésGifts, Inheritance, Generation shifting, Continuity

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
Gifts, Inheritance, Generation shifting, Continuity