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BILL ON TERMINATION OF THE LAND MORATORY FOR SALE OF LAND
On November 13, the Verkhovna Rada adopted the Bill No. 2178-10 “On Amendments to Certain Legislative Acts of Ukraine on the Circulation of Agricultural Lands” as a Basis.
The Draft Law proposes to define the peculiarities of the legal regulation of the circulation of agricultural land plots on the basis of market mechanisms for the transfer of land rights.
Thus, from October 1, 2020, it is proposed to lift the ban on the alienation of agricultural land of all forms of ownership.
The subject composition of persons who can acquire ownership of agricultural land is determined:
– citizen of Ukraine;
– territorial communities;
– the state;
– legal entities of Ukraine;
– foreign nationals;
– stateless persons in the case of inheritance and obligation to alienate the site during the year.
A rule is established by which until January 1, 2024, acquisition of legal entities, beneficial owner (controller) of which are foreigners, stateless persons, legal entities created under the legislation other than the legislation of Ukraine, foreign states, ownership of agricultural land appointment.
The minimum starting price for the sale of land and state and municipal property at land auctions is set at a level not lower than the regulatory monetary valuation.
Restrictions are imposed on the aggregate area of agricultural land, which may be owned by a citizen and a legal entity, and related persons. Restrictions do not allow the acquisition of property:
– more than 35% of the agricultural land of the united community;
– 8% of agricultural land in the region;
– 0.5% of agricultural land in Ukraine.
The prerogative right of the tenant to purchase the land is secured.
It is the duty of the state registrar to enter information on the price (value) of property rights, including usage rights, in the Register of Property Rights.
The document guarantees the right of citizens to buy land for peasant (farmer) farming, which they belong to the right of permanent use and the right of life inherited possession. It is possible to buy with installments of up to 5 years at a price equal to the normative monetary valuation of such land.
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