Sale of land plot - what expenses to consider.

The sale of a land plot in Ukraine can be quick and profitable if you know all the nuances of the process. Care is required at every stage, from document preparation to signing the contract.

How to evaluate land before sale

Before the successful sale of a land plot, it is important to accurately assess its market value. You need to avoid overestimating or underestimating the price, focusing on actual market offers.

You can use announcement sites for evaluation, considering various factors such as transport accessibility, the presence of a paved entrance, street lighting, and others.

'It is also necessary to foresee 5-10% 'for bargaining' — this will allow you to flexibly respond to buyers' offers without losing profit'

Cost evaluation by an expert

An independent expert assessment is mandatory when selling land. The cost of the assessment usually does not exceed 2,000 UAH, and it is conducted by a certified appraiser.

What documents are needed for the sale of a land plot

To sell land, you need a complete set of documents, including a state act of property rights, an excerpt from the State Land Cadastre, an expert assessment, a certificate of the absence of buildings, and others.

The relevance of the data in the documents is important; if necessary, they should be updated.

How the sale of a land plot is arranged

The sale of land is formalized by a notary, who registers the new property rights after the documents are signed.

You can conclude a preliminary agreement, but this is not a mandatory stage of concluding the deal.

What taxes does the seller of land plot pay

Taxes when selling a land plot depend on the duration of ownership, its purpose, and size. For plots designated for construction, state duty, personal income tax, military charge, and other expenses are provided.

The amount of taxes may vary depending on the area of the land plot.

What taxes does a non-resident of Ukraine pay

Non-residents of Ukraine selling land plots are required to pay personal income tax and military charge. Additional conditions apply to non-residents who received land plots as a gift.

Features of selling agricultural land

The sale of land for agricultural purposes is accompanied by mandatory taxes and a complex procedure for formalizing the agreement. The market for agricultural land is dynamic, and farmers are exploring opportunities for planting crops on their plots.

The described process of selling land plots in Ukraine requires mandatory market value assessment, the presence of a full set of documents, and participation of a notary in the legal formalization of the transaction. Adhering to all requirements and rules contributes to a successful and quick sale of land.