Capital gains

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With the adoption of the Land Code in 2001 the government secured the rights of business entities in land privatisations of state and municipal property in Moscow.

The main requirement was the presence of capital construction objects on such land, including those built on the site of destroyed, demolished or reconstructed buildings and facilities, as well as the ownership of property rights for any such objects.

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Published In: Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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