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Government parties and the KrF have agreed to extend the transitional agreement to the stock savings account until 2019.
The initial deadline to save tax on the transfer of funds you have in funds and shares into a stock savings account expired early in the year 2018/2019.
But right-wing, pro-party, left and KrF taxists have agreed to an extension on Thursday, reports NRK. The proposal will be promoted in conjunction with the tax bill in December.
"It's a day of joy for Norwegian consumers, it's a new product that many have not been able to get in," says tax specialist Vetle Wang Soleim (H).
Transferring your shares and mutual funds to an inventory account without having to pay tax on unrealized gains is considered by many to be a tax mite.
Shares, mutual funds and certificates of participation actually trigger taxes on the realization. However, since September 1 of last year, you have been able to transfer all of this into a separate, non-tax, stock savings account. As long as you keep your stock-based savings activities in this account, you can buy and sell without triggering taxes.
The system also allows you to withdraw the initial deposit without paying taxes. If you collect the return on your investments, you will have to pay a tax as usual.
Only stocks and mutual funds with a stake of more than 80% can be held in a stock savings account. This means that the combined fund and the interest fund are excluded from the plan.
(© NTB)
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