Ukraine:
Additional Grounds for Personal Income Tax Credit
28 September 2010
Salans LLP
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On 29 June 2010, the Ukrainian Parliament passed the law
"On Amending Certain Legislative Acts of Ukraine to Improve
State Regulation in Housing Construction". The law provides
additional grounds for personal income tax credit. In particular,
tax credit will include not only interest on residential mortgages,
but also commissions or remuneration under such contracts.
Moreover, tax credit will include interest (commission,
remuneration) on residential property buyout lease agreements or on
financial lease agreements and also taxpayers' expenses for
"affordable" housing construction (acquisition),
including repayment of privileged residential mortgages granted for
such purposes and interest on such mortgages.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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