Non-Danish property
You have to pay Danish property value tax on non-Danish property - just like when you own Danish property.
The actual property value tax depends on the market value of the property. But in contrast 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 are obliged to inform us of about the following on your non-Danish property:
- When you buy non-Danish property
- An updated calculation of the market value
- Possible rental income
- Possible non-Danish property tax
- Possible interest deductions
On this page you can read more about how to register the purchase of a non-Danish home and how you calculate its market value. You can also get more information on the rules of rental, interest deduction and double taxation.
When you buy a house 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 and select Missing a box above?
- Follow the instructions
You can also call us on 72 22 27 80 for help.
When you can access 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.
- interest expenses if you have a mortgage.
- rental income if you rent out the property.
- possible savings in non-Danish banks or similar.
- capital value of the property.
Please read Calculate an update the market value in your tax assessment notice for 2024 below.
Properties bought before 2024 should be reported in your tax assessment notice for 2023. The boxes relating to non-Danish tax matters will be locked, but if you call us on +45 72 22 27 80 we can give you access. When we open your tax assessment notice, you will also get access to new boxes where you register your non-Danish property.
When you can access 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.
- interest expenses if you have a mortgage.
- rental income if you rent out the property.
- possible savings in non-Danish banks or similar.
- capital value of the property.
Please read Calculate an update the market value in your tax assessment notice for 2023 below.
In 2024, you 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.
If you have already registered a market value for your property outside Denmark, this market value is automataically transferred to field 610 in your preliminary income assessment (forskudsopgørelse) for 2024. This means that all of 2024 you paid provisional tax on a calculated market value.
In your tax assessment notice (årsopgørelse) for 2024, you must re-calculaet and update the market value as of 1 January 2022. The deadline is 1 July. When you have reported the new market value, it will be part of the re-calculation of your tax for 2024.
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 nomatter 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 applicalble tax rate.
| 1. Convert purchase price |
(Index for 2001/index for year of purchase (2017)) x purchase price |
(335/902) x 1,000,000 = SEK 371,397 |
|
2. Convert to Danish kroner |
Convert purchase price in SEK (from stept 1) x Danish exchange rate for the end of 2000 (See how your find the exchange rate below) | SEK 371,397 x 0.8451 = DKK 313,868 |
|
3. Conversion including distance marker |
Converted purchase price in DKK (from step 2 2) / 1.15 (fixed distance marker for all countries) | 313,868 / 1.15 = DKK 272,929 |
|
4. Increase value by 5% |
Converted value from step 3 x 1.05 | 272,929 x 1.05 = DKK 286,575 |
|
5. Round off |
Round off value from step 4 based on H.A.2.1.3 Rules for rounding off (in Danish) (The rules from 2001 and 2002 still apply). | 280.000 kr. |
| 1. Convert purchase price |
(Index for 2002/Index for year of purchase (2017)) x purchase price |
(358/902) x 1,000,000 = SEK 396,896 |
|
2. Convert to Danish kroner |
Convert purchase price in SEK (from stept 1) x Danish exchange rate for the end of 2001 (See how your find the exchange rate below) |
SEK 396,896 x 0.7989 = DKK 317,080 |
|
3. Conversion including distanced marker |
Converted purchase price in DKK (from step 2) / 1.18 (fixed distance marker for all countries) |
317,080 / 1.18 = DKK 268,712 |
|
4. Round off |
Round off value from step 4 based on H.A.2.1.3 Rules for rounding off (in Danish) (The rules from 2001 and 2002 still apply). |
DKK 260,000 |
You enter the value as of 1 January 2020 in box 212.
| 1. Convert purchase price |
(Index for 2019/Index for year of purchase (2017)) x purchase price |
(923/902) x 1,000,000 = SEK 1,023,282 |
|
2. Convert to Danish kroner |
Convert purchase price in SEK (from stept 1) x Danish exchange rate for the end of 2019 (See how your find the exchange rate below) |
SEK 1,023,282 x 0.7155 = DKK 732,158 |
|
3. Round off |
Round off to nearest 1,000 | DKK 732,000 |
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’.
When you have regsitered 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 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.
For further legal information in Danish see our legal guide .