“RosCo” provided consultations on inheritance and trust management of real estate in Moscow

“RosCo” specialists provided a consultation on the inheritance of a business based on the ownership and management of commercial real estate in Moscow, explaining the civil and tax implications following the opening of the inheritance.

The consultation focused on the moment the heir acquires ownership, the taxation of rental income, and the status of the property prior to the registration of ownership. It was explained that ownership arises on the date of the testator's death, while rental payments made after this date are considered the heir's personal income and are taxed in the usual manner.

The consultation examined in detail two taxation scenarios: for individuals, where the personal income tax applies, and for sole proprietors using a selected tax regime (simplified tax system, patent, etc.). The tenant's responsibilities as a tax agent and the tax payment procedure depending on their status were also discussed.

A separate section of the consultation was devoted to issues of trust management of property and the taxation of income received through a manager or notarial deposits. The client received recommendations on how to avoid double taxation and establish a legal and transparent mechanism for managing inherited assets.

“RosCo” Group of Companies has been a trusted expert in the business environment for over 20 years and is ready to actively share its extensive legal experience with its partners.