Field help:
Explanation
Information on newly built rental flats for which special depreciation is claimed in accordance with sect. 7b of the Income Tax Act (EStG) is required in the "Explanation" field.
Required information:
- Acquisition costs: total costs (including construction and service charges).
- Date of completion: Date of readiness for move-in.
- Useful life: Linear depreciation (2%) plus special depreciation (5% per year for a maximum of 4 years).
- Requirements: planning application between 1 September 2018 and 31 December 2026, compliance with the upper construction cost limit (max. 4.800 Euro / m² of living space).
Example: An apartment building was completed on 15 August 2024 and has been rented out since then. The construction costs were 1.000.000 Euro, the building application was submitted on 01.10.2023. Linear depreciation (20.000 Euro per year) and special depreciation in accordance with sect. 7b of the Income Tax Act (EStG) (50.000 Euro per year for 4 years) are claimed. The construction costs are below the upper limit.
