Norway has updated its National Budget for 2024, which proposed that ground rent tax for land-based wind power plants owned by entities with participant determination, such as responsible companies and limited partnerships, be calculated using a gross method.
This approach applies when participants independently dispose of their power production, which is the same method used for hydropower plants owned by participating companies.
The gross method requires participants to be allocated a proportional share of the company’s total gross income and deduction items.
If each participant in the power company independently sells their share of production, the individual participant’s actual sales income must be considered when determining the ground rent income.
