Ukrainians freed from the tax on the inheritance received from close relatives

Since the beginning of this year citizens received an inheritance from relatives of the second degree of kinship may not pay tax or submit a Declaration of receipt of inheritance in 2017.

It is reported by the Director of the Department of taxes and fees from individuals of the SFS Paul Dronyak. To second-degree relatives are brothers and sisters, and grandparents (parents of father and mother), grandchildren. Because the tax does not apply, the heir must not conduct an assessment of the inherited property. Also at the zero rate subject to the property inherited by persons first-degree relatives, i.e. spouses (husband and wife), parents and children, including adopted children.

"Moreover, if such heirs were not paid the tax to the notary registration of objects of the inheritance, then they are still obliged to file a return. Also, pay tax and file a Declaration needs all citizens who have received an inheritance from a non-resident. Even if such non-residents are spouses, parents, children, grandparents," - said in the GFS.

There are three rates of income tax for individuals: 0%, 5%, and 18%. If a person inherits property from a resident (except the first and the second degree of kinship), that pays a 5% tax. Upon receipt at our state of inheritance from nonresident must pay tax on the income of physical persons at the rate of 18%.

The heirs are required to pay the military fee, which is 1.5% of the value of inherited or donated property. The only exceptions are persons who have income which is taxed at a zero rate. If the heir is a resident of Ukraine, the tax on incomes of physical persons, and military training must be paid before notarization of the objects of the inheritance, a Declaration is not provided. Otherwise, the notary will issue a certificate of inheritance.

In the case of the transition to the heir the right to receive insurance payments, the withholding agent is the insurance company, and therefore submit the Declaration is not necessary. The official also said that the gifts are taxed in the same way as an inheritance - at the same rates and under the same conditions.

Materials: Strana.ua