On 8 October 2026, the Eastern Interregional Directorate of the Federal Tax Service for Major Taxpayers No. 1 conducted the inaugural seminar of a new series dedicated to property taxation and personal income tax (PIT) compliance for high-net-worth individuals and corporate property owners. The event, held in Moscow, brought together tax inspectors, legal practitioners, and representatives of major real estate developers. Key topics included recent amendments to Chapter 32 of the Tax Code (property tax for organizations), the unification of cadastral value determination methodologies, and the taxation of income from the sale of real estate owned for less than the minimum holding period (5 years generally, 3 years for certain categories). The seminar also covered the new reporting requirements for foreign real estate owned by Russian tax residents under the automatic exchange of information (AEOI) framework.
Key Takeaways
- Cadastral Value Challenges: Taxpayers were advised on the revised procedure for challenging cadastral values through the Commission on Cadastral Value Disputes, with stricter evidence requirements effective from 1 January 2026.
- PIT on Real Estate Sales: The FNS clarified the calculation of the acquisition cost deduction when the property was acquired before 2016, allowing the use of documented expenses or a standard deduction of 1 million RUB (for housing) and 250 thousand RUB (for other property).
- Foreign Property Reporting: Russian tax residents must report foreign real estate holdings annually by 31 March of the following year; non-compliance attracts fines of up to 500,000 RUB per object.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement