Field help:
Explanation
In the "Explanation" field, you can enter information on the depreciation for wear and tear (AfA). These details serve to make the depreciation calculation more comprehensible to the tax office.
Required information:
- Acquisition costs: Total costs of the building (including purchase price, incidental acquisition costs such as notary, land transfer tax).
- Date of acquisition: Date of acquisition or completion.
- Duration of use: Depreciation is calculated according to the statutory periods of use, depending on the type of building (e.g. residential building or commercial building).
Example: A residential building was purchased on 1 June 2024 for 300.000.00 Euro (including ancillary acquisition costs). The building is rented out exclusively for residential purposes. The average service life is 50 years in accordance with sect. 7, para. 4 of the Income Tax Act (EStG). The annual depreciation is calculated on a linear basis at 2% of the acquisition costs, which corresponds to 6.000 Euro per year.
