From this date, all land plots in the capital will be subject to land tax and to rent payments calculated on the new cadastral value.
If a land plot was formed after 1 January 2024 by division, allotment or merger, the previous value will be shown for it in the Unified State Register of Real Estate (EGRN) at the beginning of 2025. During the first months of the new year the value will be recalculated and updated to take account of the current data of the state cadastral valuation. We recommend that right holders of such plots follow the updating of the cadastral value during the first quarter of 2025, notes Alexander Verein, partner and director of the asset valuation department at Consul Group.
Comparing the new figures of the state cadastral valuation with the previous level of cadastral value matters in its own right: the approved value becomes the base both for the tax and for the rent.
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