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The weighty eight

 

The Arbitration Court admitted the innocence of Company “SIG Appraisal”  which had drawn up a report on the market cost estimation of eight industrial land plots for “OM3-Spetsstal”. 

The enterprise disputed the land cadastral value to lower the unnecessarily increased taxes. According to the results of the examination made the specialists identified the plots market value to be twice lower than the cadastral one. In total, the reduction amounted to 307 mln roubles, tax benefits amounted to 4,6 mln per year.  In August, 2014, Court admitted the rightness of “OM3-Spetsstal”. In February, the appeals instance confirmed this decision too. «We are sure that the successful dispute completion will make the objects owners more confident and insistent at disputing their point of view», — executive Director of “SIG Appraisal” Ivan Grigoriev says. Specialists note that last year the number of cadastral disputes have decreased by several times while the proven cases have been very rare.     

 

 

Dmitry Sinochkin


Weekly newspaper “Real Estate and Construction of Petersburg”, № 8(847) 23.02.2015, p.19

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