Large families offering exempt from payment of land tax
25 July 2012, Wednesday
Ministry of Financesupported the proposal ofthe State Duma deputyE.Bychkova("Spravedlivaya Rossiya") to exempt fromtaxationon personal incomefamilies with many childrenreceivedin the form offreeland.The relevant draftreviews ofthe bill,amendingArticle 217of the TaxCode,published on the websitethe Ministry of Finance.
The billprovides an exemption frompersonal income taxrevenuesin the formof landgranted tothe propertyfree of chargeto citizenswho havethree or more children.
The Russian Federation Land Code was amended earlier in order toprovidelarge familieswithfreeland.
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