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0 pointslb1lf3d ago0 comments

-Besides, in some jurisdictions, the taxman thought of that.

If a Norwegian tradesman works on his own home, he's supposed to pay VAT on the value of the work he's done - not only on the materials used.

I suspect such work is being under-reported, though.

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KellyCriterion2d ago

> If a Norwegian tradesman works on his own home, he's supposed to pay VAT

Do you have a link here?

lb1lfOP1d ago

Sorry, not VAT - but the value of the benefit you gain from working on your own property (presumably also if you're, say, a car mechanic and work on your own car, etc.) is subject to taxation. Mea culpa.

The obligation to pay tax only kicks in (as far as I can tell, IANAL) if the work is substantial and of a nature which requires professional skills.

Here's a recent link, though in Norwegian, I'm afraid:

https://www.fvn.no/abito/i/GM86x4/skatt-ved-arbeid-paa-egen-...

KellyCriterion1d ago

Jesus! Spinning this forward, this means: If I'm a professional wealth manager and I manage my own wealth during working hours (because office not busy right now), then I would have to pay taxes because I'm a finance pro applying my own skills on my own stock portfolio?

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