Residents of demolished five-storey buildings proposed to exempt from tax on housing

The Deputy-United Russia party Nikolai Gonchar has proposed amendments to the Tax code in connection with the adoption of the bill on the demolition of the buildings made by the group of deputies from Moscow on March 10.

The project envisages the establishment of a Fund to promote renovation of the housing stock in Moscow, the main source of funding which will be funds from the capital budget. Amendments Gonchar is proposed to exclude the Fund from among the taxpayers of tax on profit of organizations and also the release of the Fund’s operations on realization of goods (works, services), property rights, from taxation on value added tax.

It is also proposed to exempt from taxation for tax on incomes of physical persons immovable property obtained by citizens in the property from the Fund. It will save citizens-participants of the program on demolition of “Khrushchev” from the additional tax burden, says the author.

The resonant bill of deputies from Moscow, regulating the demolition of buildings and relocation of their residents, making amendments to the law “On the status of the capital of the Russian Federation”, Land and town planning codes. He gives the Moscow authorities the right to approve the “program of renovation of the housing stock in Moscow”, to define a series of buildings of the first period of industrial housing, which will be demolished. The city will be able to include and exclude from the program of renovation of the particular home. All of the procedures it is supposed to simplify.

The document States that the demolition of Khrushchev to the owners, should not a smaller living space and with the same number of rooms either in the same area or in the area of residence — that is, in neighboring areas in the same district. The residents of the houses slated for demolition will be to submit proposals about moving. If within 60 days the owners do not respond, the issue of resettlement will be decided in court.

In the explanatory note to the bill States that, because the modern apartments are different from those that were built in the five-story building, tenants will receive new apartments with the same number of rooms, but larger area. Their market value is 35% higher than in the Khrushchev.

Program for the simplification of taxation in the resettlement of Muscovites of their five-story building will attract new buyers and investors, but much of the price reduction will not affect, said General Director of investment company Key Capital Sergey kamluk.