Rates
Residential building: 2% per year (50 years). Commercial/industrial building: 4% (25 years). Temporary structure: 10%.
base
Depreciation is calculated on the cost of the building only (not the land). The value of the land must be separated from the value of the building.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.