Monument protection - apply for tax incentives

Tax deductible if you live in the property:

• Expenses or maintenance costs
  • on buildings or owner-occupied flats
    • in redevelopment areas and
    • in urban development areas and
  • on architectural monuments

You can deduct up to nine per cent of this as special expenses in the year in which the work is completed and for the following nine years.

The following are tax-deductible if you earn income from the property

• Production costs for modernisation and repair measures
  • on buildings or owner-occupied flats
    • in redevelopment areas and
    • in urban development areas and
  • on architectural monuments

You can deduct these as business expenses or income-related expenses:

• in the year of construction and in the following seven years up to nine per cent per year and
• up to seven per cent annually in the following four years.

• Expenses or maintenance costs:
  • on buildings or owner-occupied flats
    • in redevelopment areas and
    • in urban development areas and
  • on architectural monuments

You can deduct these as business expenses or income-related expenses:

• the entire amount at once in the year of payment or
• the entire amount spread over two to five years

Deductible from tax if you neither live in the property nor earn income from it:

• Production costs and maintenance costs
  • on a cultural monument and
  • under certain conditions for other cultural assets worthy of protection, for example:
    • horticultural, structural and other assets,
    • Furnishings,
    • Works of art and art collections,
    • scientific collections and archives in private ownership

You can deduct up to nine per cent of this as special expenses in the year in which the measures are completed and in the following nine years.

Please notethe acquisition costs incurred upon conclusion of the purchase contract for

• a listed building,
• a building in redevelopment areas and urban development areas,
• a cultural monument or
• a cultural asset.

You can only claim the costs incurred afteryou can only deduct the repair and modernisation expenses incurred after the purchase contract was concluded. These are treated as production costs and maintenance expenses.