The Bill (Reg. No. 4009) envisages establishing tax on redundant living floor space (real estate), defining the tax payers, the objects, basis and rate of taxation, the procedure of its calculation, tax privileges.

It is suggested, in particular, to oblige the owners of redundant living floor space to perform State registration of excess living floor space, register the changes caused by re-planning, reconstruction and extra construction, in accordance with established procedure.

According to the Bill, the object of taxation is the total excess living floor space in the citizen´s ownership estimated with account of total living floor space of a residential building (buildings), apartment (apartments) and other rooms and buildings that can be regarded as housing resources. The total excess living floor space is estimated as the difference between a non-taxable minimum of living floor space and total living floor space of the residential building (buildings), apartment (apartments) and other rooms and buildings that can be regarded as housing resources.

A non-taxable minimum of living floor space it is 100 sq. m. of living floor space for one citizen (regardless of age) or 400 sq. m. of living floor space for a family (a married couple, parents, children that live on one living space).

Excess living floor space is taxed on the rate of 5 per cent of housing market value, estimated according to the procedure established by the Cabinet of Ministers of Ukraine.

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