Depreciation of owner-occupied property

Good morning everyone,

I was under the impression that owner-occupied residential properties cannot be depreciated.

Has something really changed here?

"The 3% depreciation for owner-occupied properties is a new regulation introduced in connection with the Growth Opportunities Act in Germany. It is intended primarily to create incentives for new residential construction and applies from January 1, 2024. Here are the main points:

Requirements

Use of the property	The depreciation only applies to owner-occupied residential properties.
New construction	It must be a property completed after October 1, 2023.
Use by the builder	The builder must use the property themselves, i.e., not rent it out.

I cannot find any source that confirms what you have copied. Where does your information come from?

Unfortunately, I can't find anything further either: Here is the source: anwaltblog24.de/abschreibung-selbstgenutzte-immobilie

Further down in the article it says:

Can I deduct the costs for an owner-occupied property for tax purposes?
Basically, the costs for owner-occupied living space are not tax-deductible. However, there are exceptions, especially for certain works (e.g. craftsmen services, energy-efficient renovations) or new buildings from 2024 with the 3% depreciation.

No idea who then came up with that nonsense. Too bad, I would have been very happy.

That cannot be a reputable site from my point of view. According to the imprint, someone from Rio de Janeiro

The text in the source is also quite confusing. Sometimes it is about properties built before 1925, sometimes about new buildings, etc.

Yes.. but the AI will fix it and make a few proper sentences out of it, and as a source it will say something from [Anwaltsblog] and then it's fine. ;) Hopefully the programmers of [Elster] will also read this and include a new field in the income tax form.