Tax authorities have €80,000 lien on Atlantic Sapphire CEO’s house

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Tax disputes affect the entrepreneur’s sleek functionalist home.

Atlantic Sapphire boss Johan Andreassen and his wife Kamilla Utgård have a 300 square meter functionalist house in Romsdal, Norway. The plot where the house is located is separated from the farm belonging to Johan Andreassen’s parents. The area was formerly called Villahagen.

Read also: This is Atlantic Sapphire boss’s new summer residence

At the end of March this year, the authorities took a lien of NOK 799,700 (€80,000) in Andreassen’s half of the home. He does not want to answer what he is arguing with the Tax Administration about.”In principle, I do not comment on private matters,” Andreassen wrote in an email to Dagens Næringsliv.

The lien on the home was registered after an outlay transaction was held on 22 March. Sparebanken 1 SMN already had a mortgage of NOK ten million (€1 million), the land register shows.

According to the Tax Administration, an outlay of this type normally takes place because one has not paid taxes and fees within the payment deadline. The disbursement transaction can be completed without notice, and leads to a payment remark.

If the claim is still not paid, the district court can sell the object in which the mortgage has been taken.

Andreassen, together with the third cousin Bjørn-Vegard Løvik, is the largest shareholder in Atlantic Sapphire. In total, the duo controls 13.5 per cent of the shares in the land-based pioneer company.Atlantic Sapphire is trading at lunchtime on Wednesday at a price of NOK 36.25, after a decrease of 0.6 percent.