Real estate tax in the new project: who, whom and how much to pay

22.09.2010 12:43
The tax on real estate in Ukraine still impose. The relevant article is included in the section on local taxes of the draft Tax Code, registered on September 21 on the website of the Verkhovna Rada, the League wrote.

Who pays
Under the new draft, taxpayers are natural persons and legal entities, including non-residents - owners of residential real estate.

In the case of stay residential properties in common shared or joint ownership of several persons tax provides:

a) the taxpayer is each of these persons due to her share.

b) if the residential properties located in the common property of several persons, but not divided in nature, the taxpayer is the person who reported the body of state registration of real estate as the owner of such facility;

c) If residential real estate is in joint ownership of several persons and is divided between them in nature, the taxpayer is each of these persons due to her share.

What tax?

The object of taxation is a residential real estate.

However, not taxable:

- Residential real estate owned by the state or territorial communities (their joint ownership);

- Residential real estate, which are located in zones of exclusion and unconditional (obligatory) resettlement as defined by law;

- Building family-type homes;

- Garden cottage or a house, total area not exceeding 40 square meters. meters but not more than one such object per taxpayer.

Tax base of residential real estate is the total area of taxation, which is determined on the basis of data provided by the state registration of real estate. In the case of a taxpayer several taxable items tax base is determined separately for each of these objects.

The tax base of residential real estate owned by individuals, estimated state tax service bodies.

The tax base of residential real estate owned by legal persons, shall be calculated by the following persons on their own.

Tax Rates
At 0 hryvnia per 1 sq. km. meter subject of residential real estate owned by the taxpayer on the property, the total area not exceeding 100 square meters. meters (in town), or 200 square meters. meters (in rural areas).

In case of residential real estate are more than 2 people (in town) and more than 5 people (in rural areas), the area which is taxed at a rate of 0 hryvnia per 1 sq. km. meter, calculated as the product of 40 square meters. square meters on the number of registered persons in such facility.

For an individual taxpayer-norms provided first and second paragraphs of this subparagraph shall apply to residential real estate, which belongs to him on the property and where it is registered in the manner prescribed by law.

In the case of a taxpayer several residential properties owned by him on the property, the tax rate of 0 hryvnia per 1 sq. km. meter can be applied to only one of these sites.

At 10 hryvnia per 1 sq. km. meter subject to the total building area of residential property, exceeds the standards set out in paragraph 265.4.1, paragraph 265.4 of this article, as well as the total area of other residential properties belonging to the property rights of the taxpayer.

When and whom to pay?
Basic tax (reporting) period for taxpayers is the calendar year.
The amount of taxes from residential properties for individuals, including individuals in business, be carried out by the state tax service at the location of residential real estate.

Basis for determining the tax liability by the state tax service has information of the state registration of real estate agencies offering registration of residence of individuals, and of village and town councils under this article.

Calculation of tax reported on the amount of tax payable, and payment information sent by the state tax service to taxpayers at their place of residence (location registration) is not later than 15 July of the year. Form of calculation is established central authority of the State Tax Service in the manner determined by law.

Taxpayers entities independently calculate the amount of tax as of January 1 of the reporting period and served until February 1 of that same reporting year, the state tax service at the location of the object of taxation calculation of the form prescribed by the central organ of the state tax service, by an annual amount equal installments on a quarterly .

On newly residential real estate calculation shall be submitted within one month from the date of ownership of an object.

In the draft Tax Code provides that the state registration of rights to immovable property, as well as bodies, carrying out registration of residence of individuals, must, before 31 March, which came into force the Code, and in subsequent years on a quarterly basis, within 15 days days after the end of the tax (reporting) quarter, submit to the state tax service information necessary to calculate the tax on the location of the immovable property, as of the first day of the corresponding quarter in the manner determined by the Cabinet of Ministers of Ukraine.

In the case of transfer of title to the object of taxation from one owner to another during a calendar year, the state tax service sends the calculation of the tax to the new owner within 10 working days from receipt of information about the transition of ownership.

The tax is paid at the location of the object of taxation and credited to the relevant budget in accordance with the provisions of the Budget Code of Ukraine.

Tax liability for the year of tax paid:

a) natural persons - in equal shares until 15 August and 15 November;

b) legal entities - up to 30 numbers on a quarterly basis following the reporting quarter.
LigaBusinessInform
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