The Austrian parliament is currently considering a draft bill that would provide for an accelerated depreciation of buildings acquired after 30 June 2020. The accelerated depreciation provides for the deduction of depreciation corresponding to three times the statutory depreciation rate in the first year and to two times the statutory rate in the second year. Given that the statutory depreciation rate for buildings used as business assets is normally 2.5%, the maximum depreciation rate in the first year would be 7.5% in the first year and 5.0% in the second year (a reduced rate of 1.5% applies for buildings rented...