...of immovable property in the calendar year, and the size of the property (in our case - a land plot) does not exceed the limits established by Art. 121 ZKU - is personal income tax not paid?
If the seller owns the property for more than 3 years, makes the first sale…?
solvedAnswers
Yaroslav Sikorsky
In your case, you do not need to pay VAT.
If you are the owner of residential real estate for at least three years and dispose of one of these objects for the first time in a year, your income from such disposal is not taxed at all. The real estate objects to which this rule applies are:
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apartment, room, residential or country house, their parts or unfinished construction,
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a plot of land under such objects, including household buildings on it,
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a plot of land, the size of which does not exceed the norm of free transfer (Article 121 of the Land Code of Ukraine).
03.07.2023 14:43