REAL ESTATE TAXATION: A PRACTICAL VIEW

Who should pay this tax?

Payers of the mentioned tax can be both natural and legal entities. But it is not about everyone, because the legislation provides benefits for many. When calculating the tax base, the authorized tax authority relies on the data contained in the State Register of Real Property Rights. This means that if the property was bought and registered in accordance with the current legislation, the information will go to the controlling authority.

The vast majority of Ukrainian citizens know about the existence of real estate tax - if not in the details, then at least in the individual dimension, when the tax inspectorate sends a notification-decision. To begin with, it is worth getting to know in more detail what the current civil legislation refers to the concept of real estate. These are land plots and objects located on them, which cannot be moved without changing their purpose or without depreciating.

Who has benefits for paying such a tax?

Among the real estate objects for which you do not need to pay tax, it is worth mentioning:

• apartments up to 60 square meters;
• houses (residential) up to 120 square meters;
• combinations of residential real estate of various types (ie, apartment + house) up to 180 square meters.

For example, if you have an apartment with an area of ​​59.2 square meters and a house with an area of ​​112 square meters, there is no tax. If it is 2 apartments, for example, 61 and 63 square meters, the tax is provided, although in this case the area will be smaller than when it comes to an apartment and a house.

What are the practical aspects of paying tax?

If we talk in more detail about the size of the tax, then its rate is regulated at the local level. Factors such as:

• object type;
• its location.

Despite the fact that local self-government bodies have wide powers in determining the amount of tax, this does not mean arbitrariness in this direction, as there are some legal restrictions. The tax rate cannot be higher than 1.5% of the minimum wage as of the beginning of the reporting year.

The tax address of an individual is considered to be the place of its registration. It is to this address that the tax notice-decision is sent. This happens until July 1. In the message itself, you can see the details for which you need to pay the tax. Up to 60 days are allocated for this from the moment when the notification-decision is delivered.

As for where to pay tax, there are plenty of options, for example:

• Post Office;
• bank;
• cash desk of the village council or OTG.

Therefore, it is worth paying attention to tax notices and paying real estate tax on time.

The issue of joint ownership deserves special attention. If it is joint shared ownership, then for the area of ​​the share that exceeds the preferential rate, the person pays according to the same principle as described above. If it is a matter of joint co-ownership, then the tax payer is the one whom all the co-owners have determined by mutual agreement.