- The supply of property rights to real estate is subject to VAT.
- For VAT purposes, the supply of property rights to real estate is considered a supply of real estate for the seller.
- The Civil Code of Ukraine regulates personal non-property and property relations.
- A sale and purchase agreement involves one party (seller) transferring or agreeing to transfer property to the other party (buyer), who accepts or agrees to accept the property and pay a certain sum of money.
- Property rights can be the subject of a sale and purchase agreement.
- The Law of Ukraine “On Valuation of Property, Property Rights and Professional Valuation Activities in Ukraine” regulates the legal basis for valuation of property, property rights, and professional valuation activities.
- Property rights that can be valued include any rights related to property, other than ownership, including rights that are components of ownership.
- Residential real estate includes buildings registered as such, as well as cottage and garden houses.
- Non-residential real estate includes buildings and their components that are not residential real estate.
- VAT is governed by Sections V and 2 of Section XX of the Tax Code of Ukraine.
- The object of VAT is the supply of goods/services by taxpayers, where the place of supply is located on the customs territory of Ukraine.
- The supply of goods includes any transfer of the right to dispose of goods as an owner, including sale, exchange, or donation, as well as the supply of goods by court decision.
- The sale (realization) of goods includes any operations carried out under sale and purchase agreements, barter, supply, and other commercial and civil law agreements that involve the transfer of ownership of such goods for payment or compensation, regardless of the timing of its provision, as well as operations involving the free provision of goods.
- The supply of services includes any operation that is not the supply of goods, or any other operation involving the transfer of the right to objects of intellectual property rights and other intangible assets, or the provision of other property rights related to such objects.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
