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Demand for property is likely to decrease in the case if they adopted the government’s proposed amendments to the legislation on cadastral valuation, according to the President of the International Academy of valuation and consulting Eugene Neiman. Earlier, Vedomosti learned about the plans of the government to allow the regions to increase the cadastral value of the property.
Read the story “the estate Tax may increase in the near future”
Such a step would increase the tax burden on the estate in the case if the authorities will give the installation to increase the cadastral value, explained Neumann. In his opinion, it is quite possible, because the money in the budget is not enough.
“there’s a nonlinear relationship with one another. Acquiring the object for 100 thousand rubles to pay the tax, relatively speaking, you will with a million. This transaction, which transferred to the new owner,” said Neumann in a comment NSN.
In the end, buyers will refrain from buying, the market volume will decrease, which will lead to the strengthening observed in the market stagnation, the expert added.
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