Russian Supreme Court Holds Movable Property Fixed to Immovable Property Not Necessarily Treated as Immovable Property

The Russia Supreme Court issued a decision on 12 July 2019 concerning whether movable property that is fixed to immovable property should be treated as immovable property for tax purposes. The case involved a lumber mill that had installed equipment that was mounted to the foundation of a workshop. In assessing the lumber mill for corporate property tax purposes, the tax authority determined that the mounted equipment should be treated as taxable immovable property as it had been put into use…