Large families offering exempt from payment of land tax

25 July 2012, Wednesday
Ministry of Finance supported the proposal of the State Duma deputy E. Bychkova ("Spravedlivaya Rossiya") to exempt from taxation on personal income families with many children received in the form of free land. The relevant draft reviews of the bill, amending Article 217 of the Tax Code, published on the website the Ministry of Finance.

The bill provides an exemption from personal income tax revenues in the form of land granted to the property free of charge to citizens who have three or more children.

The Russian Federation Land Code was amended earlier in order to provide large families with free land.
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