ICONOS FINALES-TRAZADOS

NAVARRA: How much can I depreciate if I rent a property?

If you rent out a property you own, you can deduct your depreciation as an expense on your Income Tax Return.

One of the most important expenses you can deduct when declaring rental income from real estate is the building depreciation.

What is the deductible depreciation amount?

You can deduct 3% of the acquisition cost paid as an expense, excluding the cost of the land.

Do you not know the value of the land?

If so, there is a way to calculate it: the land value is estimated at 25% of the acquisition cost.

 

 

If you have rented properties, our professionals will help you calculate the applicable depreciation.
NAVARRA: How much can I depreciate if I rent a property?

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