{"id":10977,"date":"2019-08-06T09:42:26","date_gmt":"2019-08-06T07:42:26","guid":{"rendered":"https:\/\/tunal-stb.de\/new-rental-housing-construction-and-promotion\/"},"modified":"2023-07-21T09:36:12","modified_gmt":"2023-07-21T07:36:12","slug":"new-rental-housing-construction-and-promotion","status":"publish","type":"post","link":"https:\/\/tunal-stb.de\/en\/new-rental-housing-construction-and-promotion\/","title":{"rendered":"New rental housing construction and promotion"},"content":{"rendered":"<section class=\"l-section wpb_row height_large\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2>Tax incentives for new rental housing construction<\/h2>\n<h3>Subsidies, special depreciation of new rental housing construction<\/h3>\n<p>The Bundesrat (upper house of the German parliament) has approved the &#8220;Act on Tax Incentives for the Construction of New Rental Housing&#8221;. Accordingly, for the acquisition or construction of <strong>new rental housing<\/strong> in an EU member state, special depreciation of <strong>up to 5% per year<\/strong>can be claimed in the year of acquisition or construction and in the following 3 years in <strong>addition<\/strong> to the &#8220;normal&#8221; building depreciation of 2% (new Section 7b EStG). Beneficiaries are both the creation of new rental housing in connection with the construction of new buildings and corresponding construction measures in existing buildings. The <strong>purchase of<\/strong> a new home is only eligible if it is completed by the end of the year of completion.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2>Special depreciation allowances are eligible under the following conditions:<\/h2>\n<ul>\n<li>The <strong>building application<\/strong> (or building notice) to create new, previously unavailable housing must be submitted after August 31, 2018 and before January 1, 2022.<\/li>\n<li>The acquisition or production costs may not exceed <strong>3,000 euros<\/strong> per m2 of living space.<\/li>\n<li>The new dwelling must be let for <strong>residential purposes<\/strong> <strong>against payment<\/strong> in the year of acquisition or construction and in the following 9 years; the temporary accommodation of persons, e.g. letting as a vacation home, does not meet this requirement.<\/li>\n<\/ul>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2>Limitation of the assessment allowance<\/h2>\n<p>The <strong>assessment basis for<\/strong> the special depreciation allowances is limited to <strong>2,000 euros<\/strong> per m2 of living space. Companies only receive the tax benefits to the extent that certain EU state aid requirements are met (cf. Section 7b (5) EStG n.F.).<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>The special depreciation allowances can be claimed for the <strong>last time<\/strong> for the <strong>2026<\/strong> assessment period or for the fiscal year ending before January 1, 2027; this also applies if the 4-year depreciation period has not yet expired (Sec. 52 (15a) EStG n. F.).<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>The special depreciation allowances are  <strong>undo<\/strong>  made, if the (beneficiary) dwelling in the year of acquisition\/construction and in the following 9 years  <strong>not<\/strong>  the transfer against payment to  <strong>Residential<\/strong>  serves or is disposed of (tax-free) or if the  <strong>Construction cost ceiling<\/strong>  of 3,000 euros per m2 of living space is exceeded within the 4-year depreciation period by subsequent acquisition or production costs.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Tax incentives for new rental housing construction Subsidies, special depreciation of new rental housing construction The Bundesrat (upper house of the German parliament) has approved the &#8220;Act on Tax Incentives for the Construction of New Rental Housing&#8221;. Accordingly, for the acquisition or construction of new rental housing in an EU member state, special depreciation of...","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[861,535,1090,1223],"tags":[1312,1311,1310,1313],"class_list":["post-10977","post","type-post","status-publish","format-standard","hentry","category-depreciation","category-information-letter","category-new-rental-housing","category-promotion","tag-apartments-for-rent","tag-assessment-basis","tag-construction-cost-ceiling","tag-special-depreciation"],"acf":[],"_links":{"self":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/10977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/comments?post=10977"}],"version-history":[{"count":2,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/10977\/revisions"}],"predecessor-version":[{"id":11010,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/posts\/10977\/revisions\/11010"}],"wp:attachment":[{"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/media?parent=10977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/categories?post=10977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tunal-stb.de\/en\/wp-json\/wp\/v2\/tags?post=10977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}