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Tag: Property

Finance Ministry

Finance Ministry

Russian authorities several years ago conceived the transition to a unified real estate tax, tied to its market value. It will replace the land tax and personal property tax. Under the new law a tax on real estate will be charged with a market value of the property. Why is this done? The cost of apartments and houses on the property market varies greatly when it comes to facilities in different parts of the city. Under the new tax owners…

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