BGP Litigation senior associate Denis Savin speaks with about the availability of a tax deduction under a pledge upon bankruptcy

"Denis Savin, senior associate at BGP Litigation, notes that the situation in the case is relevant for relations that arose from 1 October 2011 to 1 January 2015, because from that day onward Article 1(2) of Federal Law No. 366-FZ of 24 November 2014 entered into force, under which Article 161(4)(1) of the Tax Code became inoperative and Article 146(2)of the Tax Code was appended with a new subsection 15. On the basis of that new subsection, with effect from that date transactions on the sale of property and/or property rights of a debtor that has been declared insolvent (bankrupt) under RF law are no longer subject to VAT".

The full article (in Russian) is available here: "КС объяснил, можно ли получить налоговый вычет в рамках залога при банкротстве".