What is the capital gains tax rate on shares in Norway?

For the 2026 income year, capital gains on shares are effectively taxed at 37.84%. This is calculated by multiplying the taxable gain by the uplift factor of 1.72 and applying the 22% ordinary income tax rate (22% × 1.72 = 37.84%).

What is the skjermingsfradrag (shield deduction)?

The shield deduction (skjermingsfradrag) reduces the taxable gain on shares. It equals a risk-free return rate set annually by the Norwegian Tax Administration multiplied by your cost basis. Unused deductions carry forward to future years. Enter the total accumulated shield deduction you have built up for the shares you are selling.

Is property exempt from capital gains tax in Norway?

A primary residence (bolig) is exempt if you have used it as your own home for at least 12 months during the two years before the sale. A holiday home (fritidsbolig) is exempt after five years of ownership and use. Properties not meeting these criteria are taxed at 22% on the gain.

Does the uplift factor apply to property gains?

No. The aksjonærmodellen uplift applies to gains on shares and equity fund units covered by the shareholder model, not property gains. Taxable property gains use the 22% ordinary-income rate with no uplift.

What if I have a capital loss?

Eligible capital losses may provide a deduction: share losses generally use the 1.72 uplift factor, while eligible property losses use the ordinary 22% rate. This calculator shows tax owed as kr 0 for a loss and does not calculate the deduction value; actual relief depends on the asset and your tax situation.

Are shares held in an ASK (share savings account) treated differently?

Yes. Gains within an aksjesparekonto (ASK) are not taxed until you withdraw the profit from the account. This calculator covers direct share sales, not ASK accounts.

Norway Capital Gains Tax Calculator

Enter purchase price, sale price, and shield deduction to calculate Norwegian capital gains tax on shares or property using 2026 rates.

Your Transaction

Asset Type

Shares / Funds Property

Purchase Price (NOK)

Sale Price (NOK)

Shield Deduction — skjermingsfradrag (NOK)

Accumulated shield deduction on these shares. Default 0 if unknown.

Shares: taxed under aksjonærmodellen. Uplift factor 1.72 × 22% = 37.84% effective rate on net gain.

Enter the transaction details and click Calculate Tax.

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Summary

This calculator estimates Norwegian capital gains tax for individuals using 2026 rates. For shares and equity funds, Norway applies the shareholder model (aksjonærmodellen): gains are multiplied by an uplift factor of 1.72 and taxed at the 22% ordinary income rate, giving an effective rate of 37.84%. A shield deduction (skjermingsfradrag) reduces the taxable gain — it equals a risk-free return on the cost basis and can be entered directly. For property, taxable gains generally use the 22% ordinary-income rate; qualifying owner-occupied homes may be exempt.

How it works

Select the asset type: shares/funds or property.
Enter the purchase price (cost basis) in Norwegian kroner (NOK).
Enter the sale price (proceeds) in NOK.
For shares, enter the accumulated shield deduction (skjermingsfradrag) in NOK if you have one.
The calculator subtracts the shield deduction from the gross gain to get the taxable gain.
For shares, the taxable gain is multiplied by the 1.72 uplift factor and taxed at 22% (effective 37.84%).
For property, the taxable gain is taxed at 22% as ordinary income.

Use cases

Estimate tax before selling shares or equity fund units on Oslo Børs.
Plan the timing of a sale to account for accrued shield deductions.
Compare the after-tax proceeds of selling shares versus property.
Model scenarios at different sale prices to understand the tax cost.
Prepare financial projections for an investment portfolio exit.
Understand how the aksjonærmodellen uplift affects your effective rate.

Frequently Asked Questions

Last updated: 2026-06-19 · Reviewed by Nham Vu