Subdividing property in Norway—the rules and the application process
Subdividing a plot of land in Norway may seem straightforward—but the process is governed by Norwegian planning and property law, with strict rules, deadlines, and potential ...
Why should you conduct a Due Diligence in a real estate acquisition?
Are you acquiring real estate through shares in a property-owning company? If so, conducting a thorough Due Diligence (DD) is essential. When you buy shares, you acquire the ...
Development agreement with option element—lower risk in large projects
The development of large areas often involves high financial risk. A development agreement with an option element can be a smart solution when you want to realise a project ...
How to avoid VAT pitfalls when re-invoicing commercial property
Re-invoicing in the context of commercial property transactions may appear straightforward; however, an increasing number of property owners and tenants are experiencing rejection ...
5 common VAT mistakes in commercial property—and how to avoid them
VAT errors in commercial real estate are receiving increasing attention and having greater consequences. Following criticism from the Office of the Auditor General, we see that ...
Letters of intent in property transactions—what to know before signing
When buying or selling real estate, it can be wise to start with a letter of intent (LOI) before signing the final contract. Many believe that such a letter is merely a ...
How to handle temporary use permits and completion certificates
As a contractor in Norway, have you experienced that your project is nearing completion, but the paperwork is standing in the way of handover and final settlement? For both you ...
When does the sale of property become taxable as business income?
In a recently published binding advance ruling (BFU) from the Norwegian Tax Administration, we gained insight into what triggers the shift from passive capital management to ...
Understanding compulsory residency regulation in Norway
Compulsory residency, or the obligation to reside, is a legal requirement in Norway that mandates someone to live on a property. This obligation can apply to both agricultural and ...
Buying property with allodial rights – Here’s what you need to know
The Norwegian allodial right, is a unique legal arrangement in Norway that grants certain heirs the preferential right to take over a farm property when the owner sells it or ...
Understanding property concession in Norway: What you need to know
In Norway, acquiring certain types of properties, particularly agricultural land, may require a concession, or permission, from the authorities. This requirement is part of ...
Financing & security under Norway's Limited Liability Companies Act
There are several ways to finance the purchase of real estate companies, but one particularly practical method—explicitly permitted under the Norwegian Companies Act—is for the ...