The rules of buying real estate for Russian citizens. - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

The rules of buying real estate for Russian citizens. - News about real estate, Kiev, Kyiv region. Real Estate In UkraineUkrainian legislation allows nonresidents under age and having his passport, without limitation to acquire private ownership of property...located on the territory of Ukraine, the right to possession of the property described in the law "On property".When buying property in Ukraine factor of residence of the buyer for the transaction in the notary's office does not matter. The buyer also has the opportunity to buy some real estate.Where to startBuy is as follows.After selecting the property must sign a preliminary contract of sale and pay a Deposit, which usually amounts to 5 percent of the purchase amount. This document establishes the date of purchase, including the final date of signing the main contract. This agreement is signed in the presence of a notary. After signing the main contract of sale must pay the remaining 95 percent of the agreed amount.Further subsequent registration is required in government purchases, at the moment is the Bureau of technical inventory, BTI.For the contract of sale for the Russian citizen in the notary's office must have a passport, the certificate on assignment of an identification number according to the State register of natural persons - taxpayers. This reference can be obtained from the tax office. And the presence of a spouse or providing notarized his (her) consent to the conclusion of the proposed transaction.Taxes when buying propertyAccording to the law of Ukraine "On income tax of physical persons", the sale of apartments, garden homes, the land on which the house is built, the seller pays tax on income at simultaneous execution of two conditions.First, the size of the object of sale shall not exceed 100 square metres, and secondly, it should be the first sale for the seller in this year.If the area of sale is more than 100 square meters, the seller must pay a tax of 1 percent on the value exceeding the limit of the square.A tax of 5 percent of the value of the sold property will have to pay someone who does not first sale of real estate in the current year.Tax agent is a notary who certifies the relevant contract in the presence of the appraised value of such real property and the document confirming payment of the tax by the parties to the contract, and provides relevant information to the tax authority.Notary services the contract of sale is as follows:the state duty for registration of the contract of sale-the 1 percent of the value of the property specified in the contract of sale;the Pension Fund levy - 1% of the value of the property, with the exception of citizens who purchase housing for the first time;as well as notary services to the individual rates.If, however, use the services of a realtor, the amount will average 5 percent of the value of the property.During the operations of purchase and sale of real estate must take into account certain formalities, namely the buyer must be sure that the seller has documents confirming his right of ownership, are genuine and properly executed, and also excluded the right of third parties on this apartment, and she is freed from all kinds of encumbrances.The seller must provide the originals of the following documents:passport;the certificate of assignment of identification number;title document proving the right of ownership apartment on the seller; a certificate, characteristic BTI;an extract from the register about the lack of arrest in the apartment;an extract from the register about the lack of pledge of the apartment;certificate of ownership of the apartment;a certificate from the housing Department on the composition of family members and people registered in the apartment faces;certificate of absence of debt to pay for operating costs and utilities as well as telephone conversations;the decision of the state body of guardianship and guardianship about not violated the rights of minors of the apartment owner in case of sale;birth certificates of minor children;a certificate stating that the sellers are in drug treatment or psychiatric treatment and notarized statement of consent of a spouse to the sale of joint property.Requirements for documents submitted for notarial acts specified in article 47 of the Law of Ukraine "On notary". Basic rules: clarity, accuracy and usefulness.Namely: not accepted for notarial acts documents having erasures or additions, crossed out words or other non-stipulated corrections, documents, text which cannot be read due to damage, and also written in pencil. Surnames, names and patronymics of the citizens must be written in full with the places of their residence. But the documents contained in two or more separate sheets shall be stitched, numbered and sealed.If the authenticity of the submitted document is questioned, the notary public to perform notarial acts, shall be entitled to retain this document and send it for examination, in accordance with article 51 of the law of Ukraine "On notary".The above documents are very important when concluding a contract of sale of an apartment, so no one of them can lead to the recognition of the transaction invalid.The undervaluation of the property is very risky, because in case of invalidation of the contract of sale, the implementation of restitution, the seller and the buyer will receive back what they gave to each other under the contract of sale.



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