From January 1, 2022, real estate sales tax rates will be changed.
Relevant amendments will be made to the Tax Code based on the Law of Ukraine “On Amendments to the Tax Code of Ukraine and Other Legislative Acts of Ukraine to Ensure Balanced Budget Revenues” of November 30, 2021.
There will be a rate of 18% of the value of the real estate on the income received by the taxpayer from the sale during the reporting (tax) year:
The third and subsequent real estate of those listed in paragraph 172.1 of the Tax Code of Ukraine, namely:
residential building, apartment or part thereof, room, garden (country) house (including the object of unfinished construction of such objects, the land on which such objects are located, as well as household facilities and buildings located on such land);
a land plot that does not exceed the norms of gratuitous transfer, defined by Article 121 of the Land Code of Ukraine, depending on its purpose;
agricultural land directly received by the taxpayer in the process of privatization of land of state and municipal agricultural enterprises, institutions, and organizations or privatization of land used by such taxpayer, or allocated in kind (locally) to the owner of the land share (share), as well as such land plots inherited by the taxpayer.
The second and subsequent real estate is not listed in paragraph 172.1 of the Tax Code. The tax rate of 5% applies to cases of sale during the reporting (tax) year:
The second real estate, from those specified in paragraph 172.1 of the Tax Code of Ukraine, or from the sale of real estate, is not specified in this paragraph.
Third and subsequent real estate in the form of inherited real estate.
If you have additional questions, please contact
the lawyers of Jurisvest Law Firm will help in the decision.
tel. 096 016 11 12
