The 92-year-old mother of Russian composer Igor Krutoy purchased two…
The 92-year-old mother of Russian composer Igor Krutoy purchased two luxury apartments in Miami's Sunny Isles Beach for $100 each, with the transactions facilitated by her daughter Alла Baratta and her company TOC PH to reduce tax liabilities. The properties, totaling approximately 581 square meters, are valued at around $6.3 million combined.
Consensus
- The 92-year-old mother of Igor Krutoy bought two apartments in Miami's Sunny Isles Beach for $100 each.
- The transactions were conducted immediately after the mother's birthday.
- The seller was her daughter, Alла Baratta, or her company TOC PH.
- Both properties are located in the same building and have a combined area of 581 square meters (323 m² and 258 m²).
- The annual property tax on both apartments is approximately $83,000 (about 6.5 million rubles).
- This type of transaction—selling real estate to family members for a nominal sum—is used as a tax optimization strategy.
- Alла Baratta also purchased another apartment in the same building for $100 on the same day.
Points of divergence
- The total value of the properties is approximately $6.3 million, and the tax burden was nearly 6.5 million rubles annually. — vm
- The individual property values are estimated at $3.5 million and $2.8 million respectively, with a combined annual tax of about $83,000 (nearly 6.5 million rubles). — tg_mash
- Sergei Dworatsky commented that the sale was motivated by deep affection for his daughter. — vm
Coverage (3 sources)
- 92-Year-Old Mother of Igor Krutoy Bought Three-Bedroom Apartment in Miami for $100 — РИАМО
- Mash: Igor Krutog's 92-year-old mother bought a $100 apartment in Miami — Вечерняя Москва
- 92-Year-Old Mother of Igor Krutoy Bought a Miami Condo for $100 — Sold by Her Own Daughter to Reduce Taxes — Mash
Key entities
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