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Tax Return After Real Estate Purchase: Checklist and Tips

Michael Pauker · 2026-10-13

After buying a property, the first tax return is particularly important. You can deduct many costs that reduce your tax burden.

01Checklist for the First Tax Return

  1. Financing Costs: Interest, arrangement fees, and mortgage fees.
  2. Depreciation (AfA): Usually 2% or 3% of the building value per year.
  3. Ancillary Purchase Costs: Real estate transfer tax, notary, and land registry (prorated for the building).
  4. Maintenance: Repairs carried out immediately after the purchase.

FAQHäufige Fragen

What can I deduct in the first year?

Mainly the financing costs (interest, arrangement fees), the depreciation (AfA), and immediate maintenance costs. The purchase price itself is not directly deductible, but through depreciation.