Pepeliaev Group has successfully challenged the cadastral value of the Central Children's Store on Lubyanka

Pepeliaev Group has successfully completed a project in which the law firm challenged the cadastral value that had been set for the premises of the Central Children's Store on Lubyanka. The project was ongoing for over a year, coming to an end when the Moscow City Court adopted its decision on case No. 3-0075/2015. That decision recently came into legal force. 

The cadastral value for the premises of the famous store was unreasonably high. Moreover, the cadastral value for one of the premises was more than two and a half times greater than the cadastral value of the actual Central Children's Store building itself.

When working on the project, Pepeliaev Group's lawyers resolved a range of complex procedural and substantive legal issues which were arising for the first time in practice.

The outcome of the court proceedings was that the cadastral value was cut several fold. This substantially reduced the amount of the tax base for corporate property tax, helping the company to make significant savings.

"Positive court decisions in such disputes show that challenges to cadastral value are genuinely effective," comments Pepeliaev Group's managing partner Sergey Pepeliaev, "and there are mechanisms to reduce the tax base that actually work. What matters is that these have to be applied professionally."

Pepeliaev Group's project team was made up of senior partner Vladimir Sokov, partner Alexey Konevsky and attorney Alexey Abramov.