The conclusion of the contract of purchase and sale of real estate is subject to taxes and duties.
Conducting real estate transactions imply the payment of taxes and fees established by the legislation of Ukraine.
The conclusion of the contract of purchase and sale of real estate is also subject to duties and taxes.
Taxes and fees for real estate seller
If the property was listed as a possession of seller during the period, which exceeds three years, he must pay 1% of the state fee. When the property sold, became the property of the seller less than 3 years ago, then you need to pay state fee at the rate of 1%, income tax is 5% and the rate of the military tax of 1.5%. The same rules apply, if during the reporting period were sold for two or more apartments. While the tax rates for the second and subsequent sales.
In similar cases, non-residents must pay a fee to the state rate of 1% of the purchase price, the tax to incomes of physical persons – 15% and amount of the military tax the amount up to 1.5%.
Taxes and fees for real estate buyer
As indicated in the Ukrainian tax legislation, the buyer of residential property must pay 1% of the price of the acquired property to the Pension Fund. Rate is valid for citizens of Ukraine and non-residents of the country. Rule does not apply and the contribution to the Pension Fund do not need to pay if the apartment or house is granted or issued in accordance with the annuity contract.
In a separate agreement between the seller and the buyer for the sum of duties and taxes on the sale of apartments can be divided in half.
Those wishing to purchase an apartment in the capital, unable to see the actual base of real estate of Kiev here.
Privileges at payment of taxes
The Cabinet of Ministers of Ukraine decided: when buying or selling real estate does not pay legal costs invalids of the great Patriotic war and military families, missing persons, disabled people of 1-2 groups, the liquidators of the Chernobyl accident. If the seller and the buyer enter into a preferential category of citizens, they also may not pay a fee to the state.
Exemption from payment of duty of a person liable does not mean that the second, the party has no benefits shall also have the right not to pay.
The cost of registration of real estate
Registration of ownership rights on the purchased property is in issue the notary a new owner information about entering data in the register of rights. Information about the owner of the property is stored in the electronic register. Access to it is open.
For the registration the notary must submit a statement, the passport of the new owner, the identification code and the contract of purchase and sale of real estate.
According to paragraph 1 of article 19 of the law of Ukraine № 51 “On state registration of rights to immovable property and their encumbrances”, registration of ownership rights by the state and entering data about other real rights is performed in a period that does not exceed 5 working days from the date of making the relevant application to the State register of rights.
As stated in article 34 of the act, payment for state registration of the right of ownership will be charged at the rate of 0.1 of the subsistence minimum for able-bodied citizens. By April 2017 will have to pay 154,40 UAH. From 1 may 2017 this amount will increase to UAH 162,40.
If the period of entering into the state register of ownership rights is shorter than 5 working days, the amount of the administrative fee is:
– 1 month at minimum, made laws for the accommodation of able-bodied persons. In the period of 2 working days (April 2017 — 1544 UAH);
2 at least a month, made laws for the accommodation of able-bodied persons. In the period 1 working day (April 2017 -3088 UAH);
5 lows on the month, made laws for the accommodation of able-bodied persons. In the period 2 hours (April 2017 – 7720 UAH).
The owner of the apartment in the building also need to register their rights in the state register of property rights.
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