Total useful life
Total useful life is a term from the valuation law . It defines the theoretical lifespan or useful life of land and buildings, which is to be used as a basis for the calculation of possible or still possible returns in the context of an income approach and can lead to a higher value in use beyond the real value of the property .
The legal provisions of the Assessment Act (BewG) apply in Germany :
- (1) The general assessment regulations (§§ 2 to 16) apply to all public-law charges that are regulated by federal law, insofar as they are administered by federal or state tax authorities.
In addition, the "Guideline for determining the real value (real value guideline - SW-RL)" applies in this regard:
- (1) The real asset method is regulated in Sections 21 to 23 ImmoWertV. In addition, the general procedural principles (sections 1 to 8 ImmoWertV) must be used to determine the market value of the property being valued. The real value method can be used to determine the market value if, in normal business transactions (customary in the market), the real value and not the generation of income is decisive for the pricing, in particular for owner-occupied single and two-family houses. The material asset procedure can also be used to check other results of the procedure. ( Comparison value method )
The capitalized earnings method according to the Valuation Act and thus the remaining useful life when determining the value of real estate in the case of foreclosures or expropriations , where it is binding, is of particular importance .
Section 13 BewG regulates the capital value of recurring uses and services , Sections 185 and 190 BewG regulate the respective total period of use. The remaining useful life is the difference between the total useful life and the age of the property. In the case of owner-occupied properties, e.g. B. single-family houses, only the real value method is usually used without taking into account a useful life.
Total useful life table
List of the total economic useful life to be applied according to BewG (as of January 1, 2009):
| Building type | Total useful life |
|---|---|
| One and two family houses | 80 years |
| Rental residential properties | 80 years |
| Condominium | 80 years |
| Mixed-use properties | 70 years |
| Colleges (universities) | 70 years |
| Hall buildings ( event centers ) | 70 years |
| Spa and medicinal baths | 70 years |
| Administration building | 60 years |
| Bank building | 60 years |
| schools | 60 years |
| Kindergartens ( day care centers ) | 60 years |
| Residences ( old people's homes , staff homes ) | 60 years |
| Hotels | 60 years |
| Sports halls (gyms) | 60 years |
| Department stores , department stores | 50 years |
| Exhibition building | 50 years |
| Hospitals | 50 years |
| Club homes ( youth homes , day care centers ) | 50 years |
| Parking garages , parking pallets , underground garages | 50 years |
| Functional building for sports facilities (e.g. sanitary and changing rooms) | 50 years |
| Indoor swimming pools | 50 years |
| Industrial buildings , workshops | 50 years |
| Warehouse building | 50 years |
| Supermarkets , wholesale markets , shops | 40 years |
| Tennis halls | 40 years |
| Equestrian halls | 40 years |
Individual evidence
- ↑ Material Values Directive - SW-RL. (PDF) Federal Gazette, September 5, 2012, accessed on May 27, 2015 .
- ↑ Appendix 22 (on Section 185 Paragraph 3 Sentence 3, Section 190 Paragraph 2 Sentence 2). Assessment Act, January 1, 2009, accessed on May 27, 2015 .