Individuals paid almost 1.6 billion UAH of the real estate tax in 2020

Real estate owners – individuals paid almost 1.6 billion UAH of the real estate other than land tax to local budgets in 2020.

In 2021, the real estate tax payers pay for 2020 at rates that were legally defined for that period.

Tax is charged on the total area of residential and non-residential real estate, including their shares. Tax rates were set by decisions of local councils.

Herewith, the preferential sizes of property area on which the tax isn’t accrued, are:

apartment / apartments, regardless of their number – 60 square meters;

residential building / houses, regardless of their number – 120 square meters;

different types of residential real estate, including their shares (in case of simultaneous ownership of the taxpayer’s apartment / apartments and residential building / houses, including their shares) – 180 square meters.

Tax liability is paid by individuals within 60 days from the date of delivery of tax notification-decision.

At the same time, Sub- paragraph 52-5 of Sub-section 10 Section XX “Transitional Provisions” of the Tax Code of Ukraine (with amendments by the Law of Ukraine as of 30.03.2020 № 540-IX “On amendments to certain legislative acts of Ukraine aimed at providing additional social and economic guarantees in connection with the spread coronavirus disease (COVID-19)”) determined that the non-residential real estate owned by individuals or legal entities is not subject to real estate other than land in according to Article 266 of the Code for the period from March 1 to March 31, 2020.

In 2021, calculation of tax amounts for the reporting year 2020 on the non-residential real estate owned by individuals is carried out by the supervisory authority, excepting the period from March 1 to March 31, 2020.

Communicate with the State Tax Service remotely using the “InfoTAX” service