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Law Amending The Law Of 26 March 1999 No. 14 Relating To Tax On Income And Wealth (Taxation)

Original Language Title: Lov om endringer i lov 26. mars 1999 nr. 14 om skatt av formue og inntekt (skatteloven)

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Law of changes in law 26. March 1999 # 14 about taxes of fortune and income (tax law).

Date LO-2008-12-12-99
Ministry of Treasury
Last modified
Published In 2008 booklet 13
Istrontrecation King decides, 12.12.2008, 01.01.2009
Changing LAW-1999-03-26-14
Announcement 12:12.2008 at 15.15
Card title Change law to the tax law

Capital overview :

In law 26. March 1999 # 14 about taxes of fortune and income (tax law) are made the following changes :---

WE

The headline in Section 10-50 shall obey :

Samreal enterprises post-payment and destatement to landscapes

Section 10-50 first joints shall obey :

(1) Samreal enterprises may require deductions in the revenue of post-payments to the members after the same-sector Act Section 27. In addition, deductions may be granted for statement to co-owned landscapes with up to 15 percent of the income. Fradrag is provided only in income of incomes with the members. Revenue with the members and equal revenue needs to be presented by the accounting and could be legimated.

Section 10-50 clauses should sound :

(6) Housing construction team that is being reselected by law on housing construction teams may require deductions for statement to co-owned landscapes. The first clause of second to the fourth period applies to the equivalent, but so that deductions can be provided in income of revenue with its members and associated drilling teams.

The Current Section 10-50 clause is new seventh clause.

IX

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The changes under VII take effect from the time the King decides.

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XI

At the Commencement of the changes under VIII, the following transition rule applies :

For determining entry value in the tax-wise opening balance of operating assets that have entered the business at the rise of the tax exemption in Section 2-30 first clause letter h applies to the following :

The entrance value is set either to

a. acquisition value, added later Easter charges, or
b. documented market value.

Damage value after a decrease of calculated depreciation after the depreciation rules and depreciation rates that apply to the person operating assets, for the ownership time up to and with income year 2009.

Input value for stocks, bonds and other financial assets is set to market value.

This transition rule does not get the Applicability for mutual fire and hysanimal insurance companies, 1 jf. tax law Section 2-30 first clause letter h # 1 that has filed tax returns for the income year 2007.

The Ministry can give closer rules to padding and review of this transition rule.

1 Must be "house animal insurance company".