Moscow has approved the state cadastral valuation for 2023

Moscow has approved the results of the determination of the cadastral value of 348,060 land plots as at 1 January 2022 (Order of the Moscow City Property Department No. 64489 of 3 November 2022).

From 1 January 2023 a new cadastral value will apply to land plots in the territory of Moscow.

It also matters that Articles 375, 391 and 403 of the Tax Code, which govern the rules for determining the tax base for certain items of real estate, have been amended (Federal Law of 26 March 2022 No. 67-ФЗ "On Amendments to Parts One and Two of the Tax Code of the Russian Federation and Article 2 of the Federal Law 'On Amendments to Part Two of the Tax Code of the Russian Federation'").

The tax base for a land plot for the tax period of 2023 will be determined as its cadastral value entered in the Unified State Register of Real Estate (EGRN) and applicable from 1 January 2022. The cadastral value of the plot entered in the EGRN and applicable from 1 January 2023 must not exceed the value entered in the EGRN and applicable from 1 January 2022. The exception is where the cadastral value of the land plot has increased because its characteristics have changed (paragraph 1 of Article 391 of the Tax Code).

It should be noted that the moratorium on an increase in cadastral value does not apply to rent for land plots. In 2023 tenants in the territory of Moscow will pay rent on the basis of the cadastral value approved for 2023.

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