Changes to Box 3: Savings and investments

• The vacant value ratio has been increased to 95%, leased property must therefore be included in the basis of box 3 for a higher value.
• The notional return on rented property has been increased to 6.17%.
• A restriction on debt deduction has been introduced.
• The tax has been increased to 32%.

In addition, the transfer tax on rented property has been increased to 10.4%. All these measures together have a substantial impact on real estate investment in private. Specifically, this applies to residential investments, all the more so as there are other measures to mention, such as the ban in some municipalities on renting to third parties or the upcoming restriction in rent increases in relation to the number of points of the property. Then also consider the increasing regulations regarding sustainability.

These changes are likely to cause shock reactions at the first preliminary assessments in 2023. The first assessments and angry reactions have already reached us.