If you sell a property being non resident of Russian Federation, you will have to pay 30% tax of the sale’s price! By using the right financial structuring, a recently voted law allows you to lower this tax down to 15% of capital gain only.
After several years of price decrease, the property market is now recovering and providing 6% to 9% rental yields on top of capital gains. Considering the tougher conditions for developpers in 2019 (escrow account, stop of governmental loans…), there are good perspectives for investors.
Some people living in another city, abroad, or just being busy, might find it convenient to handover the management of the property to a company. The cost of these services is often 8%-9% of the monthly rent in western countries. Unfortunately, in Russia, the offer is limited and these professionnals are asking 15-20% of the […]