Property purchase

What we are waiting for buying real estate - non-cash payments in local currency.

If the purchase of goods in shops, as well as settlements with individuals for cars, real estate payment amount is more than 150 000 hryvnia, should pay attention to the following information: from 09/01/2013 similar calculations can be carried out only in non-cash form - in translation the banking system of non-cash assets.

Cash transactions at an amount exceeding 150 000 hryvnia, will not be permitted, in particular this applies to real estate sales transactions of houses and apartments.

The basis in this case will take the amount of the transaction if the aforesaid amount is higher than 150 000, the milestone payments in cash at the same time simply will not be tolerated.

For further clarification, please call listed online and our experts will provide you with comprehensive information.

As notaries and trade organizations are responsible to the Administration for compliance to the calculations made by non-cash method. Failing which the claim (in cases where the amount of the transaction is more than 150 000 hryvnia) in the tax have the right to penalize the culprits.

It is expected that innovation will make notaries and trade organizations to monitor compliance by natural persons non-cash payments. For example, notaries, without confirming the clearing bank certificates will not be able to execute the contract of purchase and sale between individuals, but they will be able to transfer money from the buyer to the seller by means of a deposit account. At the same notary does not only assure the contract, but also be able to ensure full, timely payment between the parties to the transaction.

Individuals will be able to carry out the necessary calculations to each other only by using a bank account.

For example, VTB Bank has opened a current account can be 40 hryvnia, the transfer from one account to another is 0.5% of the amount (but no more than 300 hryvnia) - provided that the accounts of individuals opened in VTB Bank. Other banks set their own rates.