Non-Danish property
If you own property outside Denmark, you have to pay Danish property value tax on it – just like when you own Danish property.
The actual property value tax depends on the market value of the property. But contrary to Danish properties, non-Danish properties are not assessed based on a public property assessment. That's why you have to calculate the market value based on the purchase price of your property.
You're obliged to inform us about the following:
- Purchase of non-Danish property – the first time you report the property to us
- An annually updated calculation of the market value
- Possible property tax paid outside Denmark
- An annually updated tax assessed value of the property
- Possible interest deductions if you have a mortgage
- Possible rental income
On this page you can read more about how to register the purchase of a non-Danish property and how you calculate market value. You can also get more information on the rules of rental, interest deduction and double taxation.
In some of the sections you can see who to call for further information.
When you buy property outside Denmark, you have to report it in your Danish tax assessment notice (årsopgørelse). But before you can do so, you need access to certain boxes in your assessment. See below how you get that access.
If you buy a non-Danish property in 2025, you report the market value in your tax assessment notice for 2025.
You can't calculate the market value until April 2026 as you need the price movement index for 2025 which will be available at that time.
When the index for 2025 is published, you can read about how you calculate the market value and how you report the value in your tax assessment notice for 2025 here on this page.
If you bought a non-Danish property in 2024, you report it on your tax assessment notice for 2024. But before you can do so, you need access to new boxes in your tax assessment notice before you can register you new property.
- Log on to your tax assessment notice in E-tax
- Select Change tax assessment notice/tax return
- Scroll down to Non-Danish income
- Click the calculator next to Non-Danish property
- Select Add Non-Danish property
If you don't see Non-Danish income, you need to get access to some of the boxes. Then you:
- Scroll down until you see Missing a box above?
- Follow the instructions
You can also call us on 72 22 28 92 for help.
When you have access to the right boxes you need to enter the following:
- the estimated market value of your non-Danish property.
- possible property taxes you pay in the country your property is located.
- tax assessed value of the property.
- interest expenses and debt if you have a mortgage.
- possible interest income and deposits in non-Danish banks
- possible rental income if you rent out the property
Please see how you do that below.
You report properties bought before 2024 in your tax assessment notice for 2023.
This is how you do it:
- Log on to your tax assessment notice in E-tax
- Select Change tax assessment notice/tax return
- Scroll down to Non-Danish income
- Click the calculator next to Non-Danish property
- Select Add non-Danish property
If you don't see Non-Danish income, you need to get access to some of the boxes. Then you:
- Scroll down until you see Missing a box above?
- Follow the instructions
You can also call us on 72 22 28 92 for help.
When you have access to the right boxes you need to enter the following:
- the estimated market value of your non-Danish property.
- possible property taxes you pay in the country your property is located.
- tax assessed value of the property.
- interest expenses and debt if you have a mortgage.
- possible interest income and deposits in non-Danish banks
- possible rental income if you rent out the property
Please see how you do that below.
Non-Danish property has no public assessment that you can use to calculate the Danish property value tax. So, you have to calculate it yourself and report a market value for your non-Danish property.
From 2025, you're obliged to recalculate and report the maket value in odd years (2025, 2027, 2029, etc.).
Until 2025, the market value had to be updated each year. If you have failed to update the market value fro 2023 and/or 2024, you have to update your tax assessment notice for the relevant years.
In 2025 and 2026, you have to pay tax on the market value of the property as of 1 January 2024.
This is the same as the assessment date used for taxation of Danish property.
If you update the market value in your preliminary income assessment, you pay the right provisional tax.
This is what you do:
- Calculate the market value as described below
- Log on to E-tax
- Scroll down to Eksisterende ejendomme og grunde (Existing properties and land)
- Select your non-Danish property
- Select Ret ejendom (Update property)
- Update the market value in field 610
- Select Ret (Update) at the bottom of the page
- Select Beregn (Calculate)
- Select Godkend (Accept)
If you wait to update the market value until you can access your tax assessment notice, you risk having to pay outstanding tax. The deadline for updating the tax assessment notice is 1 July. At the bottom of the page you can see how you update your tax assessment notice.
Calculate the market value
Your property value tax is calculated by indexing the price you paid for the property. This means that you have to convert the price on your non-Danish property by means of an index on price movement in 2023 and the year you bought the property.
If you have build an extension or converted some of your property, the value of the extension or conversion will be added to the market value. The price of the extension or conversion is converted by means of index numbers in the same way as the purchase price of the property.
This is what you do:
- Convert the purchase price by means of the index
- Convert to Danish kroner
- Round off the amount to the nearest DKK 1,000
| 1. Convert purchase price: |
(Index number for 2021 / index number for year of purchase 2017) x purchase price |
(1,186 / 902) x 1,000,000 = SEK 1,314,856 |
| 2. Convert to DKK: |
Converted purchase price in SEK (from step 1) x Danish exchange rate for 2021 (See below how to find the exchange rate) |
1,314,856 x 0.7260 = DKK 954,585 |
| 3. Round off: | Round off to nearest DKK 1,000 | = DKK 955,000 |
Convert to Danish kroner:
- Go to the Danish Nationalk Bank (exchange rates, DNVALA)
- Currency: Click the relevant currency
- Type: Select ’Exchange rates (DKK per 100 units of foreign currency’
- Methodology: Select ’End-year’
- Year: select 2021
- Click ’Show table’.
Contact us if you need help
Please call the Danish Property Assessment Agency on +45 72 22 16 34 if you need help to make the calculation.
In 2024, you were ment to pay property value tax on a calculated market value as of 1 January 2022. This corresponds to the date used to assess the property tax on Danish properties.
How to calculate the market value as of 1 January 2022
Your property value tax is calculated by indexing the price you paid for the property. This means that you have to convert the price on your non-Danish property by means of an index on price movement in 2021 and the year you bought the property.
The index number for 2021 is used to calculate the market value as of 1 January 2022, as in 2024 you pay tax on the value of the property at that time (date of assessment).
If you have build an extension or converted some of your property, the value of the extension or conversion will be added to the market value. The price of the extension or conversion is converted by means of index numbers in the same way as the purchase price of the property.
This is what you do:
- Convert the purchase price by means of the index
- Convert to Danish kroner
- Round off the amount to the nearest DKK 1,000
| 1. Convert purchase price: |
(Index number for 2021 / index number for year of purchase 2017) x purchase price |
(1,186 / 902) x 1,000,000 = SEK 1,314,856 |
| 2. Convert to DKK: |
Converted purchase price in SEK (from step 1) x Danish exchange rate for 2021 (See below how to find the exchange rate) |
1,314,856 x 0.7260 = DKK 954,585 |
| 3. Round off: | Round off to nearest DKK 1,000 | = DKK 955,000 |
Convert to Danish kroner:
- Go to the Danish Nationalk Bank (exchange rates, DNVALA)
- Currency: Click the relevant currency
- Type: Select ’Exchange rates (DKK per 100 units of foreign currency’
- Methodology: Select ’End-year’
- Year: select 2021
- Click ’Show table’.
Contact us if you need help
Please call the Danish Property Assessment Agency on +45 72 22 16 34 if you need help to make the calculation.
If you haven't registered a property you bought before 2024, you have to do so in your tax assessment notice for 2023. You must calculate the value of your non-Danish property for 2001 (plus 5%), 2002 and 2020. You have to calculate all 3 values no matter how long you owned the property.
You find the market values for 2001, 2002 and 2020 by converting the price you paid for the property (purchase price). You pay tax on the lowest of the 3 market values which is multiplied by the applicable tax rate.
Examples - how to calculate the value of your property for 2001, 2002 and 2020
Here, you have some examples of how to calculate the value of non-Danish property for 2001, 2022 and 2020 if you have bought a Swedish property for SEK 1 million in 2017.
How to calculate the value for 2001 - box 214
How to calculate the value for 2002 - box 213
How to calculate the value for 2020 - box 212
How you find the exchange rate:
- Go to the Danish Nationalk Bank (exchange rates, DNVALA)
- Currency: Click the relevant currency
- Type: Select ’Exchange rates (DKK per 100 units of foreign currency)’
- Methodology: Select ’End-year’
- Year: select 2021
- Click ’Show table’.
When you have registered your property in your tax assessment for 2023, you have to update the value in your tax assessment notice for 2024 - if you haven't already done so. Please see above how you do that.
Contact us if you need help
Please call the Danish Property Assessment Agency on +45 72 22 16 34 if you need help to make the calculation.
If you have paid property taxes outside Denmark, you often get a tax relief in Danish property value tax for your non-Danish property.
However, you can't get a relief for land taxes, registration fees or other taxes or duties related to the transfer or financing of the property.
How to report non-Danish property tax
You must report the non-Danish property tax paid for your non-Danish property yourself.
If there are multiple owners, you should report the portion of the property tax corresponding to your ownership share. For example, if you own 50% of the property, you must report an amount equal to half of the total non-Danish property tax.
You can report your paid non-Danish property tax under 'Change tax assessment notice/tax return under Non-Danish property.
Examples of property taxes that can be deducted:
- Sweden: Fastighetsavgift (for the part used by the owner as a residence)
- Spain: El Impuesto sobre los Bienes Inmuebles (IBI) (for the part used by the owner as a residence)
- France: Taxe foncière sur les propriétés bâties and Taxe d'habitation (for the part used by the owner as a residence)
Special rule for France
You're not required to pay Danish property value tax on a property in France if:
- You have been subject to full tax liable in Denmark since 28 November 2007.
- You purchased the property before 29 November 2007.
If you don't meet both conditions, the general reduction rules apply.
Report paid non-Danish property taxes in your tax assessment notice
Please call the Danish Property Assessment Agency (Vurderingsstyrelsen) on 72 22 16 16 if you have further questions.
If you own property abroad, you must also report a tax assessed value for the property in box 491 of your tax assessment notice.
The tax assessed value is the amount you believe the property could be sold for on 1 January of the income year you are providing information for. For example, if you are changing your tax assessment notice for 2024, the value should be as of 1 January 2024.
You should only report the portion of the value that corresponds to your share of ownership.
Example:
Cash purchase price as of 1 January = DKK 1,000,000
You own 50% of the property
You must enter (50% of DKK 1,000,000) = DKK 500,000
Remember to convert the relevant number into Danish kroner.
You can use the currency converter we provide in the tax assessment notice. Please note that you'll then get the average exchange rate for the relevant currency provided by the Danish National Bank.
If you have loans related to your property, you can deduct the interest expenses in your Danish tax assessment notice.
It is important that you enter your non-Danish interest expenses under Non-Danish property in your tax assessment notice.
However, if you rent out your non-Danish property for at least 12 months, you should instead report the interest expenses under Non-Danish business.
If you have interest expenses with a Danish mortgage credit institution related to your non-Danish property, you must move the interest expenses to be stated under Non-Danish property or Non-Danish business.
Report interest expenses in your tax assessment notice
Call us on +45 72 22 27 80 if you have further questions.
You must pay tax in Denmark if you rent out your non-Danish property.
The same rules apply as for renting out Danish properties. However, it is important that you enter your non-Danish rental income under Non-Danish property in your tax assessment notice.
If you rent out your non-Danish property for at least 12 months, you should instead report the rental profit under Non-Danish business.
If you have paid non-Danish tax on your rental income, you must also include it in your tax assessment notice.
Read more about the rental rules.
Report your rental income in your tax assessment notice
Please call us on 72 22 27 80 if you have other questions to this subject.
- Log on the E-tax (TastSelv)
- Select Change tax assessment notice/tax return
- Scroll down to Non-Danish income
- Click the calculator next to Non-Danish property
- Click the pencil to the right of the address of the property you wan to to update
- Enter the calculated market value in box 212
- Enter the market value of the property assessed for tax purposes in box 491
- If necessary, you adjust the boxes for tax paid outside Denmark or share of ownership
- Click Next
- Enter Amount related to the property, rental income for example
- Click Next
- If necessary, you adjust Other boxes
- Click Save to save your changes
- Click Back at the bottom of the screen
- If you make changes to your tax assessment notice for 2023: Write a short explanation of why you have made the changes. It could be 'updated market value' in field Give reasons for your changes
If you make changes to your tax assessment notice for 2024: Go to step 16 - Click Next
- Click Next
- click Accept
Generally, if your property value tax increases, you can borrow money to cover the increase, it's called a tax freeze loan. In order to take out such a loan, you need to be able to provide security for the loan.
The loan and interest must be repaid at the latest when you sell the property. But you may also choose to repay any amount after the loan is taken out.
This is what you do
- Contact the Property Assessment Agency here
- You need to contact us no later than 31 December of the year you want the loan for.
- When you have chosen the loan, you get a new preliminary income assessment that includes the loan.
- The loan is taken out on 1 January the following year. If you want a loan for 2026, it will be taken out in 2027.
- Once you have taken out the loan, you can see and repay it via your personal loan overview in E-tax under 'Boligskattelån' (Housing tax loan).
Remember to update your market value in your preliminary income assessment if you want a loan this year.
Please note: In 2025, we can't include the loan in your preliminary income assessment. As a result, you will get the increase in your tax assessment notice. The amount will be included in your total tax account for the year.
Read more in Danish about loans and interest here (Vurderingsportalen.dk)
Security – we'll let you know
You can only be granted a tax freeze loan in your non-Danish property, if you can provide security for the loan.
If you want to take out a loan for increases in 2025 or 2026, you have to provide security for the loan in early 20274. The Danish Property Assessment Agency will contact you prior to the deadline. So, you don't have to do anything until we contact you.
Examples of security for a tax freeze loan:
- Mortgage in a Danish property that you own
- security in the form of bonds
- Bank guarantee
- Mortgage in the non-Danish property you want the loan for.
For further legal information in Danish see our legal guide .