Regulations on amendments to regulations to the VAT Act for real estate

§ 8-6-2 first paragraph shall read:

(1) Landlords of buildings or facilities that are registered in accordance with the Value Added Tax Act § 2-3 first paragraph, are only entitled to a recurring tax settlement if the turnover has not exceeded the amount limit in § 2-1 before the registration deadline. No recurring tax settlement is given on capital goods as mentioned in the Value Added Tax Act § 9-1 second paragraph letter b to the extent that the building or the facility has not been rented out within six months after the completion of the construction measure. For construction projects that have been completed in the period 1 September 2019 to 30 June 2021, the deadline for renting out the building or facility is twelve months. For construction projects that have been completed in the period 1 July 2021 to 31 December 2021, the deadline for renting out the building or facility is 30 June 2022.

Regulations come into force immediately.

Source: lovdata.no

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