The Committee on Taxation and Customs Policy recommends that the Parliament should adopt in the second reading and in entirety the draft law on amendments to article 265 of the Tax Code of Ukraine re residential property

Information Department of the Verkhovna Rada of Ukraine Secretariat
22 April 2013, 15:14

The bill (Reg. No. 2405) suggests not to charge tax on real property, other than land share, from residential property owned by foster families, guardians families, guardians who are bringing up three or more children, as well as residential property, which belonging to orphans and children deprived of parental care, and persons within their number, but not more than one such object for the child.

According to the document, the tax benefits are not provided to the objects of taxation used by their owners in order to obtain revenue (if they are rented, leased, used in business).

Bill reviewed the size of living space, to which benefits will be provided.