In Q4 2015 Storebrand booked a tax income of NOK 1.7 billion due to the liquidation of the real estate holding company Storebrand Eiendom Holding AS (SEH). The tax effect is described in note 26 in the annual accounts for 2018. On May 23 2019, Storebrand received a draft letter from The Norwegian Tax Administration (TNTA), claiming changes in the tax returns for 2015.
If the preliminary decision drafted by TNTA should be upheld after a final and enforceable judgement by the court, Storebrand assess that it would be a tax cost for Storebrand of NOK 1.3 billon. If TNTA makes a final ruling,