Depreciation (depreciation) on buildings – tax depreciation on buildings. Here, we review the tax depreciation (Depreciation) that you can do to buildings. The tax depreciation (depreciation deduction) the building is used in business activity is controlled by the type code of the building assigned by the Tax.
Depreciation for tax purposes (depreciation deduction) for buildings vary between 2-5 % depending on building type.
The following rates apply for income years (fiscal year) 2011 (taxation year 2012):
| Building | Type code | Percentage |
| Small houses | 120, 213-223 | 2% |
| Apartment Building | ||
| Hotels and restaurants | 322 | 3% |
| Parking garages and warehouses | 324 | 3% |
| Kiosk | 323 | 5% |
| Other | 320, 321, 325, 326, 381 | 2% |
| FARM BUILDING | ||
| Cold stores, silos and greenhouses | 120, 121 | 5% |
| Other | 120-121 | 4% |
| Industrial Building | ||
| Hydro Buildings | 713, 720 | 2% |
| Thermal Buildings | 719, 730-733 | 4% |
| Industrial buildings that are not set up for specific use | 412, 414, 420-433, 481 | 4% |
| Other, fit only for the limited purpose other than what they used to | 412, 420-433 and 481 | 5% |
| Special Building | 820-829, 890 | 3% |