Experts at Consul Group have launched two new landing pages on the legal services in real estate and construction that are most in demand. Clients of the firm can now obtain, as quickly as possible, advice on protecting owners of commercial property against taxation that is not justified, and can challenge the cadastral value of those properties.
In providing services to challenge the cadastral value of real estate over the last 6 years, the CG team of lawyers has:
- helped its clients to save more than RUB 5 billion;
- challenged the cadastral value of more than 600 properties;
- on more than 10 occasions, had a court expert examination held to be unreliable.
The average percentage reduction in the cadastral value of properties belonging to CG's clients is 40%. The largest reduction was 86%.
The practice is led by Alexander Verein, partner and head of asset valuation:
"We aim only at optimisation that is lawful and predictable. Before we take your project forward, we analyse the cadastral value of the property so as to assess the potential benefit. We take full responsibility for the result of our work. If a reduction in the cadastral value is refused, we do not charge for carrying out the service."
Link to the landing page: https://kadastr.consul.group/
The question of excluding VAT from the cadastral value of commercial property has long been discussed by the professional community of the real estate and construction market.
Sergei Pivovarchik, managing partner of Consul Group:
"Why must VAT be excluded? It is straightforward. Cadastral value approved as a result of a state cadastral valuation, like a value fixed on a challenge in the amount of the market value, already contains VAT. It follows that the person who pays property tax pays not only tax on the base, but tax on the tax, which is contrary to the principle of economic justification."
Link to the landing page: ндсвкадастровой.рф
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