Course Objectives

The course includes an introduction to tax and duty laws which are relevant for estate agents. This includes the most important tax- and duty regulations.

Course Description

Theoretical topics, relevant laws and examples will be discussed. Emphasis will be placed on the use of regulations in various practical situations which an estate agent may encounter.

The course contains the following elements:

Tax law
Taxation of property not associated with commercial activities. This comprises, among other topics:

• Taxable cost price associated with the purchase of housing
• Rental of parts of a residence when the rest of the building is occupied by the owner.
• Rental of entire residences
• Consequences of the improvement and maintenance of housing
• Consequences of housing sales
• Tax regulations related to the acquisition, personal use, rental and sale of recreational residences
• The influence of tax regulations on whether one should rent or purchase a residence
• Farm houses
• Taxes associated with the sale of agricultural land

Taxation of property owned by business interests. Some of the topics covered are:

• Initial value upon purchase
• Managing improvement and maintenance expenses
• Write-offs
• Voluntary and involuntary sales
• Multi-purpose buildings

Taxation on capital with regard to commercial and non-commercial property

Value-added tax laws

• Voluntary registration of renters who lease property for commercial purposes
• The consequences of value-added tax for the sale of properties

Inheritance tax laws

• The consequences of inheritance-tax laws when a property is inherited or received as a gift

Learning Methods

6-8 hours weekly during the autumn.

Assessment Methods

Individual written examination, 4-5 hours.

Minor adjustments may occur during the academic year, subject to the decision of the Dean