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Russia Clarifies Criteria for Treatment of Property as Immovable Property for Tax Purposes

|Approved Changes|Russia
Russia

Russia's Federal Tax Service (FTS) has published Letter No. BS-4-21/17216@ of 28 August 2019, which clarifies the classification of property as immovable property (real estate) for property tax purposes. In making such a determination, the letter provides that certain criteria should be taken into account, including that a strong connection between the property and the land should exist, such …

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