Depreciation Of Rental Real Estate

Depreciation of rental real estate ‘ Treasury follows the purchase price allocation the manufacturing or acquisition costs of real estate can immediately deduct from tax. This can be achieved only by means of depreciation of total costs over the useful life of the leased object usually 50 years, it comes over so only the years spread to advertising costs. But must the proportion for the land be excluded by the paid purchase price, since then, no depreciation is possible. Landlords want this part always low and the tax office highly in drop. A current Decree the Oberfinanzdirektion Koblenz officials indicates now fortunately, that they should take a Division different from the contract only in such cases, where is the price of the land and substantially lower the floor guide or the old building substance at the cost value of the property developers were sold.

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