Sale of land - what taxes need to be paid in 2025.

Ukrainians who own land plots and plan to sell them should consider the tax consequences. According to expert Iryna Zubrytska, when selling land, one must take into account the number of transactions, the method of acquiring the plot, the size, and expenses. In some cases, the tax may reach 23% of the sale value.

For the first sale of a land plot in the year, the tax rate is the lowest - 5% personal income tax and 5% military levy. However, if this is the second or subsequent alienation of land within the year, the rate may rise to 23% due to the increased personal income tax rate. It is also important to remember the possibility of reducing tax due to confirmed expenses for the acquisition of land.

The law also provides for special benefits for the sale of large plots of land. The sale of inherited plots may be taxed at a reduced rate of 5% personal income tax and 5% military levy. It is important to consider all aspects of taxation and justify all expenses when selling land.

Assessing the value of the plot before sale is mandatory, and one must also take into account additional expenses that may arise, such as payment to a notary, state duty, administrative fee, and evaluator services. Remember that with proper planning, you can avoid unnecessary expenses and taxation.