omkostningsgrundlag

Omkostningsgrundlag refers to the cost basis of an asset in Danish tax law. It is the original cost incurred to acquire or produce an asset, and it serves as a reference point for calculating capital gains or losses when the asset is sold. The omkostningsgrundlag includes not only the purchase price but also certain directly attributable costs, such as notary fees, registration fees, and improvements made to the asset.

When an asset is sold, the capital gain or loss is determined by subtracting the omkostningsgrundlag from the selling price. This difference is then subject to taxation. Different types of assets may have specific rules regarding what can be included in the omkostningsgrundlag. For instance, with real estate, costs associated with renovations or significant improvements can often be added to the omkostningsgrundlag, thereby reducing the taxable gain.

It is crucial for taxpayers to maintain accurate records of all costs associated with an asset to correctly establish its omkostningsgrundlag. Incorrectly calculated omkostningsgrundlag can lead to either overpayment or underpayment of taxes. In cases of inherited assets, the omkostningsgrundlag is typically set at the asset's market value at the time of inheritance. For assets acquired through gifts, the omkostningsgrundlag is generally the donor's original omkostningsgrundlag. The specific rules and interpretations of omkostningsgrundlag are governed by Danish tax legislation and administered by the Danish Tax Agency (Skattestyrelsen).