Benefits no longer shine: retirees will have to pay land tax.
Retirees in Ukraine have certain benefits for land tax payment, but they do not apply to all types of land.
This was reported in the article of Channel 24.
Tax benefits for retirees have their restrictions and features. Although elderly people receive certain advantages when paying land tax, these benefits do not extend to all plots of land.
For example, owners of land shares continue to pay taxes, even after retiring, which can create additional financial burden. However, retirees over 60 years old are exempt from tax on plots that are their private property, but not all plots.
For personal farming, the exemption applies to plots up to 2 hectares. After construction of housing, the exemption from tax applies to plots with an area of:
- up to 0.25 hectares in rural areas
- up to 0.15 hectares in settlements
- up to 0.10 hectares in cities.
In addition, there are tax benefits for:
- gardening plots (up to 0.10 hectares)
- garages (up to 0.01 hectares)
- garden plots (up to 0.12 hectares).
However, these benefits do not apply to land shares. Retirees with minimal income are forced to pay land tax on the land they use for agricultural activities.
In addition to retirees, exemptions from land tax are provided to other socially protected groups of the population. These benefits are extended to:
- persons with disabilities of the first and second groups
- war veterans
- citizens affected by the Chernobyl disaster.
These benefits are enshrined in the Tax Code.
Experts recommend thoroughly studying all details of taxation and submitting the necessary documents to obtain benefits. This will help avoid additional expenses and financial burden, which can be difficult for elderly people.
Earlier, it was reported how much it costs to re-register a land share in 2024.
Read also
- How to Terminate a Contract with a Bank
- Disclosure of bank secrecy at PrivatBank: the bank urgently appealed to clients
- Ukrzaliznytsia has launched an additional train for the Christmas and New Year holidays: Timetables
- Monobank criticized PrivatBank over banking secrecy: response from the state bank
- How to Cancel a Loan Agreement
- Matrix of Reforms: Ukraine has updated the list of requirements for receiving financial assistance from partners