I am trying to work out the amortization on my house for form 210. This is my first time renting out the house for summer holidays and paying tax on it.
As I understand it you are allowed 3% amortization but it says on construction value only not including the land. Where can I find this information?
I looked back on my escritura but it just says the price paid there is no breakdown.
On the IBI receipt there is a breakdown. Can I work out this percentage of construction and apply that to the original house price? ie 73% of total value.
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