Deed of Gift Between Relatives: Price and Taxes in Ukraine (Kyiv & Region)
Find out what determines the price of a deed of gift between relatives. Tax exemptions for 1st and 2nd-degree kinship, required documents, and the cost of private notary services in Kyiv.
Deed of Gift Between Relatives: Price and Taxes in Ukraine (Kyiv & Region)
Transferring real estate within a family is one of the most requested notarial services. Clients of a private notary in Kyiv often wonder how to do this as cost-effectively as possible and what determines the price of a deed of gift between relatives. The good news is that Ukrainian legislation provides significant tax benefits when gifting property to close family members.
Who Is Eligible for a 0% Tax?
If you gift an apartment, house, or land plot to relatives of the first or second degree of kinship, you do not need to pay personal income tax (5%) and military tax (1.5%).
The first degree of kinship includes: children, parents, and spouses.
The second degree of kinship includes: siblings, grandparents, and grandchildren.
Another important bonus for residents of Kyiv and the region is that when gifting to 1st and 2nd-degree relatives, an expert valuation of the real estate is not required, which further saves your money.
What Is Included in the Final Price?
Since no income taxes need to be paid, the total price of a donation agreement between close relatives will be minimal. You will only have to pay for:
The private notary's services for drafting and certifying the agreement.
State duties (1% of the property's value).
Administrative fees for registering ownership rights in the State Register.
For the procedure, you will need passports, tax identification numbers (TIN), title documents for the housing, and documents confirming your kinship (birth or marriage certificates).
Do you want to quickly transfer property to your loved ones? Schedule a consultation with a private notary in Kyiv right now. We will help you prepare all the documents and conduct the transaction without hidden fees or queues! Explore also: apartment sale and purchase agreement, property disposition power of attorney and inheritance by will.
Kyiv notary: practical conclusions on the topic of the article
The material is based on applied practice. If your case differs from the standard one, a Kyiv notary will help you adapt the procedure to specific circumstances.
In most procedures, correct details, compliance with deadlines and the correct sequence of steps are decisive.