The objects of gift mentioned in paragraphs. 174.1 of the Tax Code of Ukraine (in particular, real estate, movable property, object of commercial property, property and non-property rights, amount of insurance indemnity, cash, etc.), donated to a taxpayer by another individual, are taxed according to the rules established by Art. 174.2 of the Tax Code of Ukraine for inheritance taxation.

The SFS reminded the features of taxation and declaration of income from inheritance received from relatives.

For example, if an individual has inherited from his father / mother, grandparent real estate, - income in the form of the value of this property is not taxed.

That is, the objects of the inheritance inherited by the members of the family of the decedent of the first and second degrees of kinship are taxed at the zero rate of income tax of individuals. In this case, the members of the family of an individual of the first degree of kinship are his parents, husband or wife, children, including adopted. And family members of an individual of the second degree of kinship are her siblings, her grandmother and grandfather on the part of the mother and father, grandchildren.