0

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?

0
5

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.

2
  • 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

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.