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

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

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

Date LAW-2006-12-15 -81
Ministry of Treasury
Last modified LAW-2007-06-15 -27
Published In 2006 booklet 15
Istrontrecation 15.12.2006, 01.01.2007 The King decides.
Changing LAW-1999-03-26-14
Announcement 15.12.2006
Card title Change law to the tax law

Capital overview :

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

WE

The transition rule to the tax law Section 4-2 other clause :

(1) By determining taxable fortune exempttas the following assets :
a) rights in accordance with agreement on individual pension insurance or pension savings agreement after the tax law (IPA), when the agreement is reached before noon. May 2006.
b) ----
(2) It is not given fragrant after the tax law Section 4-3 other clauses for the value of duty to provide life interest as mentioned in the first clause.

Trangural rule on the raising of the tax law Section 5-41 other clause :

The provisions of the taxation of life interest in tax law Section 5-41 do not come to the Applicability of collective life interest in working conditions established prior to 2007.

The transition rule on the raising of the tax law Section 6-47 first clause letter c :

The Ministry can provide regulation on termination of individual pension agreements after the tax law, and that the company is to ensure that it issued a free policy that ensures the insurance holder's earned rights after the deal. In the forewriting, the insurance holder can be given the right to draw new agreement without providing new health information, and the size of the fee by such agreement can be determined. In the regulation, it can also be given regulations on repurchase.

The transition rule on the raising of the tax law Section 6-47 first clause letter d :

The Ministry can provide regulation on termination of continuation insurance reached before 1. January 2007. In the regulation, it can further be determined regulations on corresponding areas as after transitional rule to the tax law Section 6-47 first clause letter c.

X

The headline in Section 10-50 shall obey :

Samreal enterprises bonus and destatement to landscapes

Section 10-50 first clause other periods should sound :

In addition, deductions may be granted for statement to co-owned landscapes with up to 15 percent of the income.

The Current Section 10-50 first clause second period is the third period.

Current Section 10-50 first clause third period is new fourth period.

Section 10-50 new fifth clause should sound :

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

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

XI

----

The change under VII will still be three in effect immediately for as far as transitional rules apply to the raising of the tax law Section 6-47 first clause letter c and d.

----

The changes under X will take effect from the time the King decides.

0 Modified by law 15 June 2007 # 27 (in the seventh clause).