The “Monument Protection-AfA” (depreciation on wear and tear) allows investors to claim all costs incurred for the protection of historical monuments against tax. In this way, investing in real estate such as castles, palaces and manor houses becomes particularly attractive schlösser und burgen in deutschland. There are many more opportunities to deduct renovation and refurbishment costs from taxes than is the case with other old buildings.
Those who use real estate as an investment want to earn money with it, and the more costs for restoring the building are tax deductible, the higher the return on the historic building converted and restored into a commercial property.
How do historic buildings become investment properties?
In order to use historic real estate as a capital investment, you need an appropriate business model and knowledge of the possibilities to optimize the return with the help of the Monument Protection-AfA and a historic preservation grant.