Generation Shifting and the Principle of Continuity in Norwegian Tax Law

Zimmer Frederik
Additional contact information
Zimmer Frederik: University of Oslo

Nordic Tax Journal, 2014, vol. 2014, issue 1, 93-101

Abstract: With effect as from 1st January 2014 Norway abolished the inheritance tax and introduced the so-called continuity principle in income taxation. This means that heirs and receivers of gifts step into the tax basis and other tax positions of the giver and the deceased. Some additional requirements apply to some tax positions, in particular tax positions not related to assets (typically deferral of capital gains and carry forward of losses). Dwelling-houses and farms and forestries which the deceased or the giver could have sold without capital gains taxation is excepted.

Keywords: Gifts; Inheritance; Generation shifting; Continuity (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/ntaxj-2014-0005 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:notajo:v:2014:y:2014:i:1:p:93-101:n:5

DOI: 10.1515/ntaxj-2014-0005

Access Statistics for this article

Nordic Tax Journal is currently edited by Axel Hilling

More articles in Nordic Tax Journal from Sciendo
Bibliographic data for series maintained by Peter Golla ().