What is the depreciation rate for rented property ?

A rental property can be depreciated on a straight-line basis, which allows the owner to deduct part of the value of the property each year as a tax expense. The rate of depreciation applicable depends mainly on the year in which the property was built.

Note: depreciation applies only to the value of the building, not the land. By default, the authorities consider that the land represents 20% of the total purchase price, unless there is proof to the contrary.

Situation from tax year 2024 onwards

4*:rental property

Situation for tax years prior to 2024

(*Regarding special depreciation, please note that this is capped at €10,000 for a single person, and doubled if taxed jointly -> L.I.R Art. 129e)

Updated on: 30/07/2025