Also on exhibit that stood empty a small objects, which purchasers must be only a low risk of renting and benefit from regular tax. Modernisation potentials for value are also realized, making the real estate again may be sold at a profit. Many writers such as Robert J. Shiller offer more in-depth analysis. Decisively the regulations to the income tax act in Germany affect the attractiveness of heritage properties, which provide higher depreciation for buildings. Possible tax benefits through the rehabilitation who acquires an architectural monument in Germany and carries out necessary renovations or buys a corresponding object from a property developer, can deduct the cost of the tax. This potential savings is dependent on the amount of personal income and the total amount of the modernisation costs arise. The conservation of heritage properties supported by higher depreciation rates also apply to auto users. At a leased heritage property, the purchaser can the cost for up to 12 years fully assert in his income tax return.
The special depreciation amounting to 9 per cent over 8 years and then 7 per cent is for another 4 years. For administrative purposes the depreciation corresponds to 9 per cent for up to 10 years, so also in this version up to 90 percent of the costs of remediation of the tax issue. Whether buying a listed property makes tax sense, each purchaser can calculate. Also, all criteria should apply, which are also applied to the purchase of other real estate. Buyers ensure the object in an economically established and sought after location. The commissioning of an expert may also be advisable, which examined the building fabric and calculates the estimated costs of the renovation. The object should be bought itself due to its possibilities for optimising tax not at a price far above the market value, because as a result the yield could be diminished and losses on resale are possible.