Advertising expenses for renting and leasing

I am buying a condominium (new building) and renting it to my parents at a rent of 70% of the local customary rent. The painting and wallpapering work is not included in the purchase price. I have these carried out at my own expense. Can I also depreciate these as an additional purchase price? Thanks for an answer-

Good morning,

if the painting and wallpapering work does not exceed 15% net of the purchase price, you can immediately write it off as maintenance expenses. Regarding the rent, I would perhaps go with 75% of the local customary rent. Just because you or the tax advisor say it is 70%, the tax office is by no means of the opinion that this is actually the case. For the calculation by the tax office, there is a long checklist, and the well-known portals on the internet are NO reference here. The limit is currently at 68%, and if you state 70%, you can assume that the case will be examined somewhat more closely.

Regards

As Wiesel29 has already written, it is important that the painter and wallpapering costs do not exceed 15% of the building portion. If this is the case, you depreciate the costs over 50 years (2% per year). Below 15% -> maintenance expense and immediate depreciation.

thanks to everyone for the help

Joki