How to exempt a property valuation from taxation on cadastral value?

Every time, several thousand property valuation possessors are forced to make high financial payments related to real estate.

Real estate possessors are trying to fairly reduce the financial burden, which is determined by the cadastral value of objects. The legal duty reduction is accompanied by the rejection of real estate from the objects of Composition378.2 of the Tax Code of the Russian Federation.
It isn’t always possible to use the possibility of withdrawing a property from the computation of duty at the cadastral value.

First, it’s necessary to consider the criteria by which this or that real estate is included in the list of objects, the taxation of which is carried out at the cadastral value. For each region, as well as for large metropolises, different lists are established, but for the medication of all of them there’s one deadline- until November 30 inclusive.

Criteria for adding a property to the list
1. A structure infelicitous for habitation of any size, which is located near trade installations, public catering installations, and also close to consumer services.
2. An uninhabitable structure with an area of further than,000 square measures. According to the act of state real estate, when using further than 20 of the total area for trade, services, or fast food places.
3. A room infelicitous for habitation in a domestic structure. When using further than 20 of the area for trade, services,etc.
4. structures infelicitous for habitation andnon-residential demesne in structures located near rambler zones.
In the event that your property valuation doesn’t fall under any of the below criteria, you can withdraw this object from taxation at the cadastral value.

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Property Valuers Predict A Recovery In The Real Estate Market

Property Valuers, In the spring among the buyers of real estate in Ukraine is expected to increase interest in private homes and non-residential properties. After the weakening of quarantine restrictions in large cities, comfortable houses with their own territory will be especially in demand, market experts expect.

In 2020, it was during this period that the demand for the purchase of houses and cottages increased, which was one of the consequences of the previously announced lockdown. As for price changes, they remain at a stable level for the period of restrictions, and after the restrictions are lifted, they increase. Buyers began to pay more attention to land plots, which are profitable to acquire for further construction of facilities. Real estate industry experts say that the dynamics of the market will not change significantly during the quarantine period, however, the delay in transactions may be about 2-3 weeks. The cost of various segments of real estate will depend on the liveliness of the market, as well as on factors such as changes in the exchange rate, rising prices for materials and construction work, the balance of supply and demand.
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