Property income of an individual subject to taxation (income from the sale of real estate)
The calculation of the IPN from property income is made by an individual independently at a rate of 10% and is payable no later than April 10 of the year following the year in which such income was received.
The declaration on the IPN (form 240.00) must be submitted no later than March 31 of the year following the year in which the property income was received.
If the income is received in 2020, the declaration is submitted no later than March 31, 2021, income tax is paid no later than April 10, 2021.
By apartments, dachas, objects of personal subsidiary farming, garages, individual residential buildings
Case # 1
The property was purchased earlier under a purchase and sale agreement
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the price (cost) of its acquisition (specified in the contract of sale).
Case # 2
The property was acquired earlier through equity participation in housing construction
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the price of the contract for equity participation in housing construction.
Case # 3
The property was purchased earlier under a barter agreement
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the purchase price (specified in the exchange agreement).
IMPORTANT! If there is no price in the exchange agreement, the increase in value is defined as the positive difference between the sale price and the estimated value determined for calculating the property tax of the Civil Code "Government for Citizens", as of January 1 of the year in which the ownership right arose.
Case # 4
The property was previously received in the form of an inheritance or charity
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the market value on the date of the occurrence of the ownership right, determined no later than March 31 of the year following the year in which such property was sold.
IMPORTANT! If there is no market value, or the deadline for determining the market value is not met – the increase in value is defined as the positive difference between the sale price (cost) and the estimated value determined for calculating the property tax of the Government for Citizens Group of Companies as of January 1 of the year in which the ownership right arose.
The market value is determined by appraisers.
Case # 5
The property was previously received under a gift agreement
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the estimated value determined for calculating the property tax of the Civil Code "Government for Citizens", as of January 1 of the year in which the ownership right arose.
Case No. 6
The property was acquired earlier by assignment of the right of claim
Objects: apartments, cottages, personal subsidiary facilities, garages, individual residential buildings
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the value at which the right to claim a share in a residential building was acquired under an agreement on equity participation in housing construction.
Case # 7
The individual residential building was previously built independently.
Objects: individual residential building
Period of ownership: less than 1 year from the date of registration of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the market value on the date of the occurrence of the ownership right, determined no later than March 31 of the year following the year in which such property was sold.
IMPORTANT! If there is no market value, or the deadline for determining the market value is not met – the increase in value is defined as the positive difference between the sale price (cost) and the estimated value determined for calculating the property tax of the Government for Citizens Group of Companies as of January 1 of the year in which the ownership right arose.
The market value is determined by appraisers.
On land plots for residential housing and commercial real estate
Case # 1
The property was purchased earlier under a purchase and sale agreement
Objects: land plots for residential housing and commercial real estate, garden plots.
The period of ownership:
for land plots for residential housing-less than 1 year from the date of registration of ownership;
for land plots for commercial real estate-regardless of the period of ownership;
The increase in the value of the sale = the positive difference between the sale price of the property and the price (cost) of its acquisition.
Case # 2
The property was purchased earlier under a barter agreement
Objects: land plots for residential housing and commercial real estate, garden plots.
The period of ownership:
for land plots for residential housing-less than 1 year from the date of registration of ownership;
for land plots for commercial real estate-regardless of the period of ownership;
The increase in the value of the sale = the positive difference between the sale price of the property and the purchase price (specified in the exchange agreement).
IMPORTANT! If there is no price in the exchange agreement, the increase in value is defined as the positive difference between the sale price (cost) and the cadastral (estimated) value of the land plot determined by the State Corporation "Government for Citizens", which conducts the state land cadastre, on one of the latest dates:
the date of the emergence of ownership of the land plot;
the last date preceding the date of occurrence of the ownership right to the land plot.
Case # 3
The property was acquired earlier in the form of an inheritance or charity
Objects: land plots for residential housing and commercial real estate, garden plots.
The period of ownership:
for land plots for residential housing-less than 1 year from the date of registration of ownership;
for land plots for commercial real estate-regardless of the period of ownership;
The increase in the value of the sale = the positive difference between the sale price of the property and the market value on the date of the occurrence of the ownership right, determined no later than March 31 of the year following the year in which such property was sold.
IMPORTANT! If there is no market value, or not met the market value of the growth in the value is defined as the positive difference between the price (value) of implementation and cadastral (estimated) value of the land, a certain State Corporation "Government for citizens", a leading state land cadastre, one of the most recent date:
the date when the right of ownership of the land;
the last date preceding the date of occurrence of the ownership right to the land plot.
Case # 4
The property was purchased earlier under a gift agreement
Objects: land plots for residential housing and commercial real estate, garden plots.
The period of ownership:
for land plots for residential housing-less than 1 year from the date of registration of ownership;
for land plots for commercial real estate-regardless of the period of ownership;
The increase in the value of the sale = the positive difference between the sale price of the property and the cadastral (estimated) value of the land plot determined by the State Corporation "Government for Citizens", which conducts the state land cadastre, on one of the latest dates:
the date of the emergence of ownership of the land plot;
the last date preceding the date of occurrence of the ownership right to the land plot.
For commercial real estate
Case # 1
The property was purchased earlier under a purchase and sale agreement
Objects: commercial real estate
Period of ownership: regardless of the period of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the price (cost) of its acquisition (specified in the contract of sale).
Case # 2
The property was acquired earlier through equity participation in housing construction
Objects: commercial real estate
Period of ownership: regardless of the period of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the price of the contract for equity participation in housing construction.
Case # 3
The property was purchased earlier under a barter agreement
Objects: commercial real estate
Period of ownership: regardless of the period of ownership
The increase in the value of the sale = the positive difference between the sale price of the property and the purchase price (specified in the exchange agreement).
IMPORTANT! If there is no price in the exchange agreement, the increase in value is determined from the entire sale price (cost).
Case # 4
The property was previously received in the form of an inheritance or charity
Objects: commercial real estate
Period of ownership: regardless of the period of ownership