In Re (#07-08 July-August 2011)

Taxing of Residential Real Estate: 2012 Novels

Stanislav S. Lobko

It is common knowledge that according to the Tax Code adopted in 2010 (effective from 1 January 2011) a new tax called Tax on Real Estate differing from land plots (hereinafter — Real Estate Tax) was imposed. Since this tax will apply from 2012 it hasn’t attracted appropriate attention to itself to date…

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