Rental income

Your rental operation begins when you start offering the apartment or house for rent – including when you post an ad on a website to look for a tenant. Make an estimate of the current year’s rental income. In addition, make an estimate of the expenses of renting, including maintenance charges you pay to the housing company, interest payments on a loan, and other expenses. You can choose between reporting these amounts for the calculation of your withholding rate on the tax card and reporting them in order to pre-pay tax during the current year.

In general, we recommend that you report the rental income you receive and the expenses of renting in advance. This way, your taxes are kept up to date and you will not have to pay any back tax later. The final deadline for reporting is when you file your tax return next spring. You must give a report although it might be that your rental income is low, and after expenses you have little or no income subject to tax.

Instructions for filing and payment

They typically include housing-company charges, water bills, repairs. These expenses will lower the net amount subject to tax, so it means a lower capital-income tax for you.

Further information on deductions

If you are no longer renting out an apartment or house to a tenant, we recommend that you inform the Tax Administration of your changed circumstances, so the termination of a rental contract or other changes can be included in a revised calculation of tax prepayments or tax-card withholding. The above may take place part way through the year. We recommend that you log in to MyTax to make corrections to your expected rental income for the remaining months of the year, by completing a new tax card request or a new prepayment request.

Please note that you must ask the Tax Administration to lower or to stop your prepayments. You cannot just decide to leave a prepayment unpaid because you are no longer receiving rent.

Read more about changes in a rental operation.