FEATURES OF PAYMENT OF TAX ON REAL ESTATE PROPERTY

The current tax system of Ukraine, which is reflected in the Tax Code of Ukraine, contains a significant list of taxes levied in the state. One such tax is the real estate tax. Such a tax is typical of many countries around the world, but has certain peculiarities of collection in Ukraine.

 At the same time, a separate legal regulation is devoted to the tax on real estate other than land. Interestingly, the legislation does not contain a definition of immovable property, providing only a certain list of such objects in the Civil Code (Article 181). It is worth agreeing that real estate is a part of the earth's surface and all that is so strongly connected with it that this connection cannot be broken without violating the appearance and purpose of the thing.

 This tax is a kind of property tax and is regulated by Section 12 of the Tax Code of Ukraine (Law № 2755-VI). Therefore, we will describe in this article the general features of the collection of this tax.

 Taxpayers are both individuals and legal entities. It is mandatory to have such objects on the right of private property. In this case, real estate can be both residential and non-residential. There are also certain benefits that are non-taxable objects:

• public authorities;
• belonging to vulnerable groups (orphans, children with disabilities, etc.);
• agricultural producers;
• religious organizations;
• educational institutions;
• dormitories, etc.

 The area of ​​the specified object is important for taxation. That is, the tax base is the area, which is determined in square meters. In this case, the tax legislation provides benefits that apply to the following objects:

• Apartments - (not taxable area of ​​60 square meters (hereinafter - square meters);
• House - (not taxable area of ​​120 square meters);
• If you have an apartment and a house - (non-taxable area of ​​120 square meters).

 The size of the real estate tax rate is set by the local government (relevant council or OTG). It cannot exceed 1.5% min. zar. fees (in the state budget for 2021 such a charge is UAH 6,000). Thus, as of 2021, the amount of tax per 1 square meterscan not be more than 90 hryvnia. The tax is paid on the basis of PPR, which is sent to the taxpayer by the State Tax Service by July 1.

 A certain feature applies to legal entities, as they independently calculate the amount of tax and pay the tax by the 30th day of the month following the reporting quarter. The tax is paid by individuals within 60 days after delivery of the tax notice-decision.

 "Prikhodko & Partners" Law Firm specializes in providing services to individuals and legal entities in the field of real estate. If you have any questions or problems - contact us, we will be happy to help you and become your reliable partner in real estate!