Russia mulls higher tax on owners of three or more apartments

15:53; 25 March 2026 year

### Russian Finance Union Proposes Tax Hike for Multiple Property Owners The Russian Finance Union has developed a set of initiatives aimed at boosting government revenues. One proposal targets owners of three or more residential properties, potentially introducing a higher tax rate, according to [RBC](https://pro.rbc.ru/demo/69be7dc19a79470f57ffef28). The measures were outlined by Svetlana Enilina, head of the Finance Committee of St. Petersburg. She noted that purchasing multiple apartments is often linked to rental income, but such income is not always declared and taxed. Under the proposal, a multiplier would be applied to the property tax calculation if the combined assessed value of the properties exceeds a certain threshold. However, for owners who officially report and pay income tax (NDFL) on rental income, a tax deduction could be provided. Additionally, the Finance Union suggested changing the taxation rules for order pickup points, requiring owners to pay taxes based on the assessed value of the premises.

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