This accelerated depreciation applies to newly built residential buildings that meet at least the “Bronze” building standard according to the “klimaaktiv criteria catalog” and are completed between January 1, 2024, and December 31, 2026. In the first year of depreciation, 4.50% of the acquisition cost can be claimed.
In the second year, the accelerated depreciation amounts to 3.00% of the acquisition cost, and in subsequent years, 1.50% annually (§ 8 para. 1 and § 16 para. 1 item 8 lit d of the Austrian Income Tax Act 1988).
The definition of the “Bronze” building standard can be found in the “klimaaktiv criteria catalog” of the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology, available on the ministry’s website.
§ 124 item 451 EStG 1988
