The Moscow Government has prepared a new resolution removing 179 properties from the List of properties on which tax is calculated by reference to cadastral value:
- 161 buildings and structures,
- 18 non-residential premises and parking spaces.
The Moscow Government periodically carries out a clean-up of the List. Properties that were included by mistake are removed, as are properties taken off the register before the tax period to which the list applies. In this list, 40 properties had been taken off the register.
In all, since the beginning of 2023, the Moscow Government has so far removed 413 properties from the List.
What does this mean for owners?
For a property removed from the list, the calculation of the tax payable for 2023 changes in almost every case. Such a change often comes as a surprise to the owner. Sometimes the surprise is a pleasant one, and sometimes it is not.
There are exceptions for which the calculation of property tax does not change when a property is included in the List or removed from it:
- properties of individuals whose cadastral value exceeds RUB 300 million;
- properties owned by foreign organisations;
- objects of unfinished construction owned by organisations.
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