In Lutsk one-time sale of real estate are not taxable, provided ownership of it within three years

the Tax code of Ukraine provides for cases where individuals are exempted from the obligation of payment of income taxes from sales of real estate if certain conditions are met, - experts pay attention to Lutsk LIGHTS GU DFS in Volyn region. In particular, according to article 172 of the Tax code the income received by the taxpayer from sale (exchange) not more than once during the reporting fiscal year residential houses, apartments or parts of rooms, garden (suburban) home (including land on which there are such objects, as well as household structures and buildings located on such land plot), and land not exceeding the limit for free transfer defined in article 121 of the Land code of Ukraine depending on its purpose, and subject to the stay of such property owned by the taxpayer more than three years , is not taxed. Regarding the condition of such property owned by the taxpayer more than three years does not apply to property received by such payer in the inheritance. The obligation of the taxpayer regarding the tax return submission is considered completed and the tax return is not filed, if such a taxpayer received income, in particular, from the sale (exchange) property, donation, during the notarization of contracts on which tax was paid under G. IV of the Tax code of Ukraine. If in the reporting calendar year a natural person received the income from the sale no more than once immovable property as defined section 172.1 of article 172 of the Tax code of Ukraine, which was owned by the taxpayer more than three years, such person shall be required to file an annual tax return. The organization Department of the Lutsk LIGHTS This was reported in Lutsk city Council

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Source: http://uzinform.com.ua/

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