If you buy a property that is 39 years old and has already been fully depreciated, can you depreciate it again, for another 39 years upon your purchase?


By asking about 39 years, I assume you mean a commercial property, as residential is 27.5.

Yes, the depreciation starts when you buy it, the history doesn't matter. It's as plain as that.

  • Thanks for the clarification (between commercial vs residential). – cooncesean Jul 5 '16 at 21:42
  • Most welcome. You can accept the answer if you feel it adequately answered your question. – JTP - Apologise to Monica Jul 5 '16 at 21:51

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