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Tax depreciation of used or improved buildings and structuresr

Author

Listed:
  • Jowita Pustu³

    (Uniwersytet Jagielloñski, Wydzia³ Prawa i Administracji, Zak³ad Prawa Finansowego)

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.

Suggested Citation

  • Jowita Pustu³, 2014. "Tax depreciation of used or improved buildings and structuresr," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 88, pages 21-26, June.
    • Handle: RePEc:kra:journl:y:2014:i:88:p:21-26
    DOI: 10.14659/worej.2014.88.03
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    More about this item

    Keywords

    building; structure; depreciation; tax; fixed asset;
    All these keywords.

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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