Tangible assets may generally be depreciated on a straight-line basis. However, for the first fiscal year of ownership, there is a reduced level of deprecation.
Where the cost of a tangible assets is less than €516,46 it can be deducted entirely in the financial year of acquisition.
Generally, land is not depreciable. For depreciation of buildings, the value of the land component is 20% of the total value of building. If the land was bought separately before construction of the building, the land value for the building is the purchase price of the land.
Trademarks, patents, know-how and other intellectual property may be depreciated for up to one eighteenth of their value for each fiscal year.