Tax depreciation of used or improved buildings and structuresr

Jowita Pustu³
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Jowita Pustu³: Uniwersytet Jagielloñski, Wydzia³ Prawa i Administracji, Zak³ad Prawa Finansowego

World of Real Estate Journal (Swiat Nieruchomosci), 2014, issue 88, 21-26

Abstract: When buildings or structures are treated as a fixed asset they are subject to tax depreciation. The standard depreciation rate for buildings used for dwelling purposes is 1.5% p.a. For other buildings the rate is 2.5% p.a. In case of buildings or structures improved or used for more than 60 months prior to their acquisition, a depreciation rate can be increased till 10% p.a. Any increase in the value of the already depreciated buildings (e.g. as a result of further modernization, or extension) is subject to the same depreciation rate. This article discusses some main rules applicable in a tax depreciation of improved or used buildings and structures.

Keywords: building; structure; depreciation; tax; fixed asset (search for similar items in EconPapers)
JEL-codes: K34 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:kra:journl:y:2014:i:88:p:21-26

DOI: 10.14659/worej.2014.88.03

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