Pros and Cons of Paying the Residential Real Estate Tax in Ukraine
Iaroslav V. Iaroviy
The law on taxing residential real estate in Ukraine was passed back in 2014. But notwithstanding the time lag it has not played any influence on the majority of Ukrainian citizens. The first reading of the law provided for massive tax reliefs. Tax obligations arose only with owners of flats with a total area in excess of 120 m2 and with owners of homes with a total area exceeding 250 m2. Such reliefs resulted in actually carving out the vast majority of real estate from the taxation base.
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