Norway Rental Income Tax and Yield Calculator 2026

This calculator is for anyone who rents out a home in Norway that they do not live in: an investor with a flat, or a resident who keeps their home when they move abroad for a few years. It works out the rental yield, the monthly cash flow, the tax on the rent (leieinntekt) and the tax saved by the mortgage interest. In 2026 the tax on the profit from a rental is normally 22%, and the profit is the rent minus the costs you can deduct. Rent from a home you do not use yourself is taxable from the first krone.

Worked example: a flat bought to rent out

A flat costs NOK 3,500,000, you put in NOK 700,000 and take a NOK 2,800,000 repayment loan over 25 years at 5% interest. The rent is NOK 14,000 a month. Shared costs are NOK 2,500 a month, and maintenance, insurance and municipal fees are NOK 20,000 a year.

• Yearly rent NOK 168,000 minus costs NOK 50,000 leaves a profit of NOK 118,000. Gross yield is 4.80% and net yield is 3.37%.
• Tax on the profit: 22% of NOK 118,000 = NOK 25,960.
• The loan payment is NOK 16,886 a month. Interest in the first year is NOK 143,077, which reduces your tax by NOK 31,477.
• Cash flow before tax is -NOK 7,053 a month, and -NOK 79,120 a year after tax. With one empty month a year it falls to -NOK 90,040.

The cash flow counts repayments as a cost. Repayments are saving, not a loss, so a negative cash flow means you top up the flat every month, not necessarily that you lose money. Whether the investment pays also depends on how the price of the home develops.

Yield and tax at different rents

Same flat, loan and costs as the example (NOK 3,500,000, NOK 700,000 equity, 5% over 25 years).

Moving abroad and renting out your home

Many people keep their home when they take a job or study abroad for a few years. Say your home is worth NOK 4,000,000, you still owe NOK 1,600,000, and you rent it out for NOK 18,000 a month with NOK 3,000 a month in shared costs, NOK 25,000 a year in other costs and one empty month. Over the 20 years left on the loan at 5%, the rent of NOK 198,000 gives a taxable profit of NOK 137,000 and NOK 30,140 in tax. The loan payment is NOK 11,226 a month, so cash flow after tax is -NOK 9,399 a year. To run this case yourself, enter the value as the price and the value minus your loan as your equity.

• The rent is taxable in Norway. Owning property in Norway makes you liable to Norwegian tax on the rent and on any gain when you sell, also if you no longer live in Norway. Your new country may tax it as well, so check the tax treaty.
• Moving does not end your tax residence by itself. One condition is that you have no access to a home in Norway, with an exception for a home you have owned for at least five years without using it as a home. Ask the Tax Administration before you claim tax emigration.
• The exemptions for your own home are narrow. Rent from your own home is tax-free only if the lease lasts at least 30 days and either you use at least half of the home yourself or the rent is NOK 20,000 or less in the year. A year of rent from a home you have left is nearly always above that, and then all of it is taxable.
• Deductions get stricter at first. Because the rent used to be tax-free, the maintenance deduction is limited for the first five years, see below.

Maintenance when a tax-free home becomes a rental

If you have lived in the home and the rent was tax-free until now, the maintenance deduction is limited. The first NOK 10,000 is fully deductible, and above that only the share in the table. The example shows NOK 100,000 of maintenance in one year.

What you can and cannot deduct

• Deductible: municipal fees, property tax, home and contents insurance, maintenance, shared costs to a housing company, advertising, electricity, heating and cleaning you pay for, and travel connected with the rental.
• Not deductible: upgrades that improve the home (they count when you sell), repayments on the loan, interest on shared debt within the rental calculation, and wealth tax.
• Furniture: items under NOK 30,000 are deducted in the year you buy them, and dearer items are depreciated. If you let the home furnished for under three years and use the furniture yourself before and after, you can instead deduct 15% of the gross rent.

Short-term rental of your own home

Renting out your own home for stays under 30 days, for example through Airbnb, is a different case. The first NOK 15,000 a year is tax-free and 85% of the rest is taxable, and you cannot deduct your actual costs on top. Rent of NOK 50,000 a year gives NOK 6,545 in tax. If the rental is a business, for example many units or a lot of short-term letting, the profit may be taxed at up to 50.6%: 22% tax on ordinary income plus 10.8% national insurance contribution on business income and 17.8% at the top bracket.

Related calculators

Before you buy, check the one-off costs in cost of buying a home in Norway and how much a bank will lend in the mortgage borrowing calculator. A second home is also counted in the wealth tax calculator, and the gain from selling is covered by tax on selling a home. To see the full tax on your salary and other income, use the Norway income tax calculator.

What this calculator does not cover

It models one rental home with a repayment loan that starts today, at a fixed interest rate, and rent that stays the same. It assumes you are tax resident in Norway, so the interest is deductible at 22%: rules for people who are not resident in Norway, foreign tax and tax treaties are not included. It does not include the wealth tax on the home, the maintenance limits above, furniture, tax on a later sale, property tax, or the special rules for business rental, short-term rental and for rent from a home you live in yourself. Use it as a first estimate and check your case with the Tax Administration.