Field help:
Completion date
Enter here the date of completion. The date of completion is the day on which the property was ready for occupancy.
The linear depreciation rate depends on the time of completion. Depreciation in accordance with sect. 7 para. 4 of the Income Tac Act (EStG) is as follows:
- For buildings completed before 1 January 1925: 2,5% per year
- For buildings completed after 31 December 1924 and before 1 January 2023: 2% annually
- For buildings completed after 31 December 2022: 3% annually