Field help: Do you want to record special depreciation for listed buildings or buildings in redevelopment areas?

Select "yes" if you want to enter special depreciation for monuments or buildings in redevelopment areas.

According to sect. 7h of the Income Tax Act (EStG), you may, for measures within the meaning of sect. 177 of the Building Code (BauGB) which have been carried out on buildings in a formally defined redevelopment area or urban development area, apply increased special depreciation for modernisation and repair work instead of the depreciation which has to be calculated according to sect. 7 paras. 4 and 5 of the Income Tax Act (EStG).

Special depreciation includes

• Renovation building according to sect. 7h of the Income Tax Act (EStG): In the case of construction measures started before 1 January 2004, the production costs can be distributed over 10 years at an annual rate of 10%.
• In the case of construction measures started on or after 1 January 2004, production costs can be deducted as income-related expenses at 9% for each of the first eight years and 7% for each of the following four years.
• Architectural monuments according to sect. 7i of the Income Tax Act (EStG): Regulation as for sect. 7h of the Income Tax Act (EStG).