Inheriting property is not only an emotional moment but also a significant legal matter. The heir must officially accept the inheritance, complete all necessary documentation processes, and only then decide what to do with the property. This is particularly true for real estate.
Subscribe to our Viber for news, humor, and entertainment!
SubscribeAfter the death of a relative, the heir must submit an application to the notary within six months. This marks the beginning of the inheritance case process.
At the application stage, the sale of real estate is not possible. To initiate the property ownership transfer, the notary will require:
- a will (if available);
- a death certificate of the deceased;
- documents confirming the family relationship with the deceased.
If the property is inherited by several individuals, it is divided equally among them. An alternative may be to reach a compensation agreement among the heirs. After the six-month period has expired, the notary issues a certificate of inheritance rights. This document serves as the basis for registering property ownership.
Popular articles now Drug addicts, large families, and the sick: the military strictly criticized the TCK Pensioners will lose benefits: they will have to pay utility bills in full What awaits "conditionally fit" Ukrainians: re-examination and new mobilization rules in 2025 New rules for tracking draft dodgers: who will be found in a matter of days Show moreProperty can only be sold after all legal procedures and property ownership registration are complete. The following documents will be required:
- certificate of inheritance rights;
- certificate of registered individuals in the property;
- owner's passport and, if necessary, the passports of co-owners;
- permission from guardianship authorities if minors are registered in the property.
It is also necessary to provide the buyer with technical documentation for the property and a receipt for utility payments.
One of the significant advantages of selling inherited property is that income from the first sale is not subject to tax. According to the Tax Code of Ukraine, the heir can sell the property immediately after the ownership rights are formalized without paying taxes.
However, there is a nuance: if more than one property is sold within a calendar year, general tax regulations apply to the second and subsequent sales. The first sale is tax-exempt, while subsequent ones will incur a 5% personal income tax and a 1.5% military tax.